Guideline Value

Corporate

Guideline Value for Bhavanandhiar 4th Street

₹2700/sq.ft.

The guideline value for Bhavanandhiar 4th Street in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bhavanandhiar 4th Street

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Bhavanandhiar 4th Street guideline value

The current guideline value of Bhavanandhiar 4th Street in Chembakkam village is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class I Type - III.

How the guideline value of Bhavanandhiar 4th Street has changed

The guideline value for Bhavanandhiar 4th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which later decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Bhavanandhiar 4th Street's current value is above this median.

Stamp duty and registration fee for property in Bhavanandhiar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavanandhiar 4th Street?

The Sub Registrar Office that covers Bhavanandhiar 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Chembakkam. It is used as a reference point for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must ensure that the transaction value is in line with the guideline value to avoid any legal complications.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is transparent and fair, reflecting the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value of Bhavanandhiar 4th Street?

The current guideline value of Bhavanandhiar 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and is currently Rs 2,700 per sq.ft in 2024.

What is the median guideline value in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which means Bhavanandhiar 4th Street's current value is above this median.

What are the stamp duty and registration fees for properties in Bhavanandhiar 4th Street?

For a property valued at Rs 27,00,000, the stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000.

Which office handles the registration for Bhavanandhiar 4th Street?

The Selaiyur Sub Registrar Office handles the registration for Bhavanandhiar 4th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.