Guideline Value

Corporate

Guideline Value for Bhathrakaliamman Nagar

₹770/sq.ft.

The guideline value for Bhathrakaliamman Nagar in Pullilyon village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pullilyon

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹70 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Bhathrakaliamman Nagar

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Bhathrakaliamman Nagar guideline value

The current guideline value of Bhathrakaliamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Pullilyon village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Bhathrakaliamman Nagar has changed

The guideline value for Bhathrakaliamman Nagar has seen several revisions over the years. In 2003, the value was Rs 70 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2007. Following this, the value jumped to Rs 700 per sq.ft in 2012, but then decreased to Rs 469 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023, and most recently, it has been revised to Rs 770 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1000%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Pullilyon

In Pullilyon, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Bhathrakaliamman Nagar is above this median.

Stamp duty and registration fee for property in Bhathrakaliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhathrakaliamman Nagar?

The Sub Registrar Office that covers Bhathrakaliamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Pullilyon. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable fees, which ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Bhathrakaliamman Nagar?

The current guideline value of Bhathrakaliamman Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 70 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, marking a total increase of 1000% over this period.

What is the registration office for Bhathrakaliamman Nagar?

The registration office for Bhathrakaliamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Bhathrakaliamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.

What are the other streets in Pullilyon with their guideline values?

Other streets in Pullilyon have varying guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. Notable streets include Bye Pass Road at Rs 2,200 per sq.ft and C.R.P. Nagar at Rs 770 per sq.ft.