Guideline Value for B.P.RAJAN SALAI

B.P.Rajan Salai guideline value

The current guideline value of B.P.Rajan Salai is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of B.P.Rajan Salai has changed

The guideline value for B.P.Rajan Salai has undergone several revisions over the years. The earliest recorded figure is from 2003, when it was Rs 310 per sq.ft. This amount increased significantly to Rs 1,209 per sq.ft in 2007, marking a rise of 290%. The value then jumped to Rs 2,500 per sq.ft in 2012, reflecting a 107% increase. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. In 2023, the guideline value rose to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,800 per sq.ft in 2024, which is a 12% rise.

Overall, from 2003 to 2024, the guideline value has increased by 803%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. B.P.Rajan Salai's 2024 guideline value of Rs 2,800 per sq.ft is above this median.

• Bharathy Street: Rs 2,200 per sq.ft (2024)
• Chandra Thottam: Rs 1,200 per sq.ft (2024)
• Chella Durai Garden: Rs 1,100 per sq.ft (2024)
• Chengani Amman Koil East Street: Rs 1,700 per sq.ft (2024)
• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)
• Bhapertasher/Noordeen Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in B.P.Rajan Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.P.Rajan Salai?

The Sub Registrar Office that covers B.P.Rajan Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Uthandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. The fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.P.Rajan Salai?

The current guideline value of B.P.Rajan Salai is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 310 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 803% over the years.

What is the land classification for B.P.Rajan Salai?

B.P.Rajan Salai is classified as Residential Class I Type - II under the Neelankarai SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the total fees would amount to Rs 2,52,000.

Which office handles registrations for B.P.Rajan Salai?

The Neelankarai Sub Registrar Office handles registrations for B.P.Rajan Salai, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.