Guideline Value

Corporate

Guideline Value for Bharathiyar 1st Main Rd

₹4620/sq.ft.

The guideline value for Bharathiyar 1st Main Rd in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Bharathiyar 1st Main Rd

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Bharathiyar 1st Main Rd guideline value

The current guideline value of Bharathiyar 1st Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathiyar 1st Main Rd has changed

Over the years, the guideline value of Bharathiyar 1st Main Rd has seen several revisions. The 2012 revision set the value at Rs 4,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,814 per sq.ft. The 2023 revision increased the value to Rs 4,200 per sq.ft, and the latest 2024 revision has raised it to Rs 4,620 per sq.ft, marking a 10% increase from the previous year.

The overall change from the 2012 to 2024 revisions shows a 10% increase in the guideline value. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is equal to the 2024 figure for Bharathiyar 1st Main Rd.

Stamp duty and registration fee for property in Bharathiyar 1st Main Rd

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total fees to Rs 4,15,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathiyar 1st Main Rd?

The Bharathiyar 1st Main Rd is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the government’s assessment of the property's worth. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathiyar 1st Main Rd?

The current guideline value of Bharathiyar 1st Main Rd is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2023 to Rs 4,620 per sq.ft in 2024, a 10% increase. It was Rs 2,814 per sq.ft in 2017 and Rs 4,200 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Bharathiyar 1st Main Rd?

The land classification for Bharathiyar 1st Main Rd is Residential Class II Type - I, indicating its designation for residential use.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Bharathiyar 1st Main Rd, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties on this road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 46,20,000 would incur a stamp duty of Rs 3,23,400 at 7%.