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Guideline Value

Corporate

Guideline Value for Bharathidasan Road 2nd Street

₹5500/sq.ft.

The guideline value for Bharathidasan Road 2nd Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1460 /sq.ft.
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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Road 2nd Street

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Bharathidasan Road 2nd Street guideline value

The current guideline value of Bharathidasan Road 2nd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bharathidasan Road 2nd Street has changed

Over the years, the guideline value of Bharathidasan Road 2nd Street has seen several revisions. The earliest recorded value was Rs 1,460 per sq.ft in 2007, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value then dropped to Rs 3,350 per sq.ft in 2017. Following this, the value surged to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,500 per sq.ft in the 2024 revision.

The changes between revisions are noteworthy. From 2007 to 2012, there was a remarkable increase of 242%. However, from 2012 to 2017, the value decreased by 33%. The value then rose by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 277%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making the 2024 figure of Bharathidasan Road 2nd Street above that median.

Stamp duty and registration fee for property in Bharathidasan Road 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 details.

Which Sub Registrar Office covers Bharathidasan Road 2nd Street?

The Bharathidasan Road 2nd Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives adequate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair price of the property. Buyers must be aware that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher, making it essential to consider this value during negotiations.

Frequently asked questions

What is the current guideline value of Bharathidasan Road 2nd Street?

The current guideline value of Bharathidasan Road 2nd Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,460 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 277% over this period.

What is the land classification for Bharathidasan Road 2nd Street?

The land classification for Bharathidasan Road 2nd Street is Residential Class III Type - I.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the total stamp duty and registration fees would amount to Rs 4,95,000.