Guideline Value

Corporate

Guideline Value for New Bethania Nagar 4th Street

₹2750/sq.ft.

The guideline value for New Bethania Nagar 4th 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 4th Street

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New Bethania Nagar 4th Street guideline value

The current guideline value of New Bethania Nagar 4th 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 4th Street has changed

The guideline value for New Bethania Nagar 4th Street has seen several revisions over the years. In 2002, the value was Rs 373 per sq.ft, which increased to Rs 406 per sq.ft in 2003, marking a 9% increase. The value then rose to Rs 500 per sq.ft in 2007, reflecting a 23% increase. Following this, the value experienced a significant jump to Rs 2,500 per sq.ft in 2012, a rise of 400%. However, it decreased to Rs 1,675 per sq.ft in 2017, showing a decline of 33%. The 2023 revision set the value at Rs 2,500 per sq.ft, and the latest revision in 2024 increased it to Rs 2,750 per sq.ft, a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 637%. The register has no figure for the years not specifically mentioned for this street.

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 of Rs 3,850 per sq.ft. New Bethania Nagar 4th Street's 2024 figure is below this median.

Stamp duty and registration fee for property in New Bethania Nagar 4th 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these charges Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers New Bethania Nagar 4th Street?

The Sub Registrar Office that covers New Bethania Nagar 4th 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 plays a crucial role during the registration of property transactions. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property in Valasaravakkam, it is important to be aware of the current guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of New Bethania Nagar 4th Street?

The current guideline value of New Bethania Nagar 4th 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, marking an overall increase of 637% over the years.

What are the stamp duty and registration fees for property in New Bethania Nagar 4th Street?

For a 1,000 sq.ft plot, the total guideline value would be Rs 27,50,000, with a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers New Bethania Nagar 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, based on the higher of the guideline value or the sale price.