Guideline Value

Corporate

Guideline Value for Bharathidasan Nagar

₹2750/sq.ft.

The guideline value for Bharathidasan Nagar in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹102 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹93 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

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Bharathidasan Nagar guideline value

The current guideline value of Bharathidasan Nagar, located in Maduravoyal village under the Virugambakkam SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Bharathidasan Nagar has changed

The guideline value for Bharathidasan Nagar has undergone several revisions over the years. In 2002, the value was Rs 93 per sq.ft, which increased to Rs 102 per sq.ft in 2003. The value saw a significant rise to Rs 300 per sq.ft in 2007, followed by a substantial jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023 and is currently Rs 2,750 per sq.ft as of the 2024 revision.

Between the revisions, the changes were notable. From 2002 to 2024, the overall increase was +2857%. The value rose by +10% from 2023 to 2024, while there was a +49% increase from 2017 to 2023. The 2012 to 2017 revision saw a decrease of -33%, and the jump from 2007 to 2012 was +733%. The increase from 2003 to 2007 was +194%, and from 2002 to 2003, it was +10%. The register has no figure for the years not mentioned above.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 figure, ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. Bharathidasan Nagar's current guideline value is below this median.

Stamp duty and registration fee for property in Bharathidasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar?

The Bharathidasan Nagar area falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar?

The current guideline value of Bharathidasan Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 93 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +2857% over this period.

What is the land classification of Bharathidasan Nagar?

Bharathidasan Nagar is classified as Residential Class IV Type - I.

What is the stamp duty and registration fee for properties in Bharathidasan Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which office handles registrations for Bharathidasan Nagar?

The Virugambakkam Sub Registrar Office handles registrations for Bharathidasan Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.