Guideline Value

Corporate

Guideline Value for Bharathiyar 2nd Main Rd

₹4620/sq.ft.

The guideline value for Bharathiyar 2nd 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 2nd Main Rd

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Bharathiyar 2nd Main Rd guideline value

The current guideline value of Bharathiyar 2nd 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 with a land classification of Residential Class II Type - I.

How the guideline value of Bharathiyar 2nd Main Rd has changed

The guideline value for Bharathiyar 2nd Main Rd has seen several revisions over the years. The 2012 revision recorded a value of Rs 4,200 per sq.ft, which then decreased to Rs 2,814 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,200 per sq.ft in the 2023 revision, and finally to Rs 4,620 per sq.ft in the 2024 revision.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. The increase from 2017 to 2023 was substantial, at 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value figure, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, which is equal to the current figure for Bharathiyar 2nd Main Rd.

Stamp duty and registration fee for property in Bharathiyar 2nd 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. Duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar 2nd Main Rd?

The Sub Registrar Office that covers Bharathiyar 2nd Main Rd is 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

When buying or selling property in Ekkaduthangal, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is registered at a value that reflects the current market standards.

The guideline value is also essential for property transactions as it provides a benchmark for pricing. It helps both buyers and sellers understand the expected value of properties in the area, facilitating fair negotiations during the sale process.

Frequently asked questions

What is the current guideline value of Bharathiyar 2nd Main Rd?

The current guideline value of Bharathiyar 2nd 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 2012 to Rs 2,814 per sq.ft in 2017, then to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,620 per sq.ft in 2024.

What is the stamp duty for property in Bharathiyar 2nd Main Rd?

The stamp duty for property in Bharathiyar 2nd Main Rd is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiyar 2nd Main Rd located?

The Sub Registrar Office for Bharathiyar 2nd Main Rd is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What other streets have the same guideline value in Ekkaduthangal?

Other streets in Ekkaduthangal with the same guideline value of Rs 4,620 per sq.ft include Bharathiyar 1st Main Rd, Bharathi Street, Bharathiar Street, Bangalow (West 1st St), and Bangalow St.