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Guideline Value

Corporate

Guideline Value for Bharathidasan Road 4th Street

₹5500/sq.ft.

The guideline value for Bharathidasan Road 4th 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 4th Street

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Bharathidasan Road 4th Street guideline value

The current guideline value of Bharathidasan Road 4th Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Bharathidasan Road 4th Street has changed

Over the years, the guideline value of Bharathidasan Road 4th Street has seen several revisions. The 2007 revision set the value at Rs 1,460 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 3,350 per sq.ft. The value rose again to Rs 5,000 per sq.ft in 2023 and is now Rs 5,500 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003.

The changes between these revisions reflect a notable increase overall. From 2007 to 2012, there was a significant increase of 242%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 277%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 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, placing Bharathidasan Road 4th Street above this median.

Stamp duty and registration fee for property in Bharathidasan Road 4th Street

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

The Sub Registrar Office that covers Bharathidasan Road 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 in property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with legal requirements.

During the registration process, the guideline value helps in assessing the property's worth and ensures that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Bharathidasan Road 4th Street?

The current guideline value of Bharathidasan Road 4th 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, increasing from Rs 1,460 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 277%.

What is the land classification for Bharathidasan Road 4th Street?

The land classification for Bharathidasan Road 4th Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bharathidasan Road 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties on Bharathidasan Road 4th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.