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Guideline Value

Corporate

Guideline Value for Bharathidasan Nagar(4th Street)

₹1100/sq.ft.

The guideline value for Bharathidasan Nagar(4th Street) in Soorapattu village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Soorapattu

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharathidasan Nagar(4th Street)

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Bharathidasan Nagar(4th Street) guideline value

The current guideline value for Bharathidasan Nagar(4th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Bharathidasan Nagar(4th Street) has changed

Over the years, the guideline value for Bharathidasan Nagar(4th Street) has seen several revisions. In 2012, the guideline value was Rs 1,000 per sq.ft, which decreased to Rs 670 per sq.ft in 2017. This was followed by an increase to Rs 1,000 per sq.ft in 2023, and currently, it stands at Rs 1,100 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value, indicating fluctuations in property valuations over the years.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the current figure for Bharathidasan Nagar(4th Street) below the median.

Stamp duty and registration fee for property in Bharathidasan Nagar(4th Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathidasan Nagar(4th Street)?

The Sub Registrar Office that covers Bharathidasan Nagar(4th Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Soorapattu

The guideline value is a crucial factor during the registration of property transactions in Soorapattu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government's assessment.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal documentation and taxation purposes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Bharathidasan Nagar(4th Street)?

The current guideline value for Bharathidasan Nagar(4th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathidasan Nagar(4th Street) has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and currently to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathidasan Nagar(4th Street)?

Bharathidasan Nagar(4th Street) is classified as Residential Class III Type - I under the land classification scheme.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Bharathidasan Nagar(4th Street)?

The Sub Registrar Office covering Bharathidasan Nagar(4th Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.