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Guideline Value

Corporate

Guideline Value for SRI VENKATESH NAGAR - Bakthavatchalam Street

₹4950/sq.ft.

The guideline value for Sri Venkatesh Nagar - Bakthavatchalam Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹737 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹665 /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 Sri Venkatesh Nagar - Bakthavatchalam Street

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SRI VENKATESH NAGAR - Bakthavatchalam Street guideline value

The current guideline value of SRI VENKATESH NAGAR - Bakthavatchalam Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of SRI VENKATESH NAGAR - Bakthavatchalam Street has changed

The guideline value for SRI VENKATESH NAGAR - Bakthavatchalam Street has seen several revisions over the years. In 2002, the guideline value was Rs 665 per sq.ft. This increased to Rs 737 per sq.ft in 2003, marking an increase of 11%. The value rose significantly to Rs 1,100 per sq.ft in 2007, reflecting a 49% increase. The next revision in 2012 saw a decrease to Rs 4,500 per sq.ft, which was a drop of 33%. However, the value rebounded to Rs 3,015 per sq.ft in 2017, an increase of 49%. The most recent revisions show a rise to Rs 4,500 per sq.ft in 2023, and then to Rs 4,950 per sq.ft in 2024, which is a 10% increase.

There are no figures available for the revisions between 2002 and 2007, and 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 644%.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing SRI VENKATESH NAGAR - Bakthavatchalam Street's 2024 figure above that median.

Stamp duty and registration fee for property in SRI VENKATESH NAGAR - Bakthavatchalam Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total to Rs 4,45,500. 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 more details.

Which Sub Registrar Office covers SRI VENKATESH NAGAR - Bakthavatchalam Street?

The Sub Registrar Office that covers SRI VENKATESH NAGAR - Bakthavatchalam 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 Virugambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the duty is charged based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of SRI VENKATESH NAGAR - Bakthavatchalam Street?

The current guideline value of SRI VENKATESH NAGAR - Bakthavatchalam Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being from Rs 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024.

What is the classification of the land in SRI VENKATESH NAGAR - Bakthavatchalam Street?

The land in SRI VENKATESH NAGAR - Bakthavatchalam Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for SRI VENKATESH NAGAR - Bakthavatchalam Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Virugambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 49,50,000, the stamp duty at 7% would be Rs 3,46,500.