Guideline Value

Corporate

Guideline Value for New Bethania Nagar 1st Street

₹2750/sq.ft.

The guideline value for New Bethania Nagar 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹406 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹373 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 New Bethania Nagar 1st Street

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New Bethania Nagar 1st Street guideline value

The current guideline value of New Bethania Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of New Bethania Nagar 1st Street has changed

The guideline value for New Bethania Nagar 1st Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 373 per sq.ft. It increased to Rs 406 per sq.ft in 2003, followed by a rise to Rs 500 per sq.ft in 2007. The 2012 revision saw a significant jump to Rs 2,500 per sq.ft, but this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, culminating in the current value of Rs 2,750 per sq.ft in 2024.

In terms of percentage changes, the guideline value increased by 9% from 2002 to 2003, followed by a 23% rise from 2003 to 2007. The value surged by 400% from 2007 to 2012, but then it decreased by 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 637%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. New Bethania Nagar 1st Street's current guideline value is below this median.

Stamp duty and registration fee for property in New Bethania Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Bethania Nagar 1st Street?

The Sub Registrar Office that covers New Bethania Nagar 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Valasaravakkam. It is used to determine the applicable stamp duty and registration fees when a property is bought or sold.

When purchasing property, the guideline value serves as a benchmark to ensure that the transaction is registered at a fair value, which is crucial for both buyers and sellers to comply with legal requirements.

Frequently asked questions

What is the current guideline value of New Bethania Nagar 1st Street?

The current guideline value of New Bethania Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 373 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 637% over this period.

What are the stamp duty and registration fees for property in New Bethania Nagar 1st Street?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers New Bethania Nagar 1st Street?

The Virugambakkam Sub Registrar Office covers New Bethania Nagar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value determined for properties in Valasaravakkam?

The guideline value is determined by the Registration Department and is based on various factors, including location and land classification, which influences property transactions in Valasaravakkam.