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Guideline Value

Corporate

Guideline Value for Bharathidasan Nagar(8th Street)

₹1100/sq.ft.

The guideline value for Bharathidasan Nagar(8th 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(8th Street)

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Bharathidasan Nagar(8th Street) guideline value

The current guideline value for Bharathidasan Nagar(8th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Bharathidasan Nagar(8th Street) has changed

The guideline value for Bharathidasan Nagar(8th Street) has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Soorapattu

In Soorapattu village, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value 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, which means that the 2024 figure for Bharathidasan Nagar(8th Street) is below the median.

Stamp duty and registration fee for property in Bharathidasan Nagar(8th Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar(8th Street)?

The Sub Registrar Office that covers Bharathidasan Nagar(8th 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 plays a crucial role in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value for Bharathidasan Nagar(8th Street)?

The current guideline value for Bharathidasan Nagar(8th 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 has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Soorapattu?

The median guideline value in Soorapattu is Rs 1,300 per sq.ft, which is higher than the current value for Bharathidasan Nagar(8th Street).

What are the stamp duty rates for properties in Bharathidasan Nagar(8th Street)?

The stamp duty for properties in Bharathidasan Nagar(8th Street) is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathidasan Nagar(8th Street)?

The Sub Registrar Office for Bharathidasan Nagar(8th Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.