Guideline Value for BHAKTHAVEDANTHA SWAMI SALAI

Bhakthavedantha Swami Salai guideline value

The current guideline value of Bhakthavedantha Swami Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bhakthavedantha Swami Salai has changed

The guideline value for Bhakthavedantha Swami Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,000 per sq.ft in the 2023 revision, and finally rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the value saw a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Bhakthavedantha Swami Salai is above this median.

• Bharathi Avenue: Rs 2,800 per sq.ft (2024)
• Bethaiah Salai: Rs 1,100 per sq.ft (2024)
• Bay Watch Farms 3rd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 2nd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 1st Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bhakthavedantha Swami Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhakthavedantha Swami Salai?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value as it may affect the overall cost of the transaction. The fees associated with the registration process are calculated based on this value, which is updated periodically to reflect changes in the real estate landscape.

Frequently asked questions

What is the current guideline value of Bhakthavedantha Swami Salai?

The current guideline value of Bhakthavedantha Swami Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Bhakthavedantha Swami Salai?

Bhakthavedantha Swami Salai is classified as Residential Class I Type - II.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.