Guideline Value for BHAPERTASHER/NOORDEEN GARDEN

Bhapertasher/Noordeen Garden guideline value

The current guideline value of Bhapertasher/Noordeen Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bhapertasher/Noordeen Garden has changed

Over the years, the guideline value of Bhapertasher/Noordeen Garden has seen several revisions. In 2012, the guideline value was Rs 1,000 per sq.ft, which changed to Rs 670 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures recorded for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Bhapertasher/Noordeen Garden's 2024 guideline value below this median.

• Beach Road: Rs 2,800 per sq.ft (2024)
• Bharathy Street: Rs 2,200 per sq.ft (2024)
• Balaram Garden: Rs 1,100 per sq.ft (2024)
• B.P.Rajan Salai: Rs 2,800 per sq.ft (2024)
• Balaji (Group) Garden: Rs 1,100 per sq.ft (2024)
• Chandra Thottam: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bhapertasher/Noordeen Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 Bhapertasher/Noordeen Garden?

The Bhapertasher/Noordeen Garden is covered by 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthandi. It is the benchmark used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the buyer must ensure that the transaction adheres to the guideline value set by the Registration Department. This ensures that the property is registered correctly and that all applicable fees are paid according to the established rates.

Frequently asked questions

What is the current guideline value of Bhapertasher/Noordeen Garden?

The current guideline value of Bhapertasher/Noordeen Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bhapertasher/Noordeen Garden?

Bhapertasher/Noordeen Garden is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Which other streets have guideline values in Uthandi?

Other streets in Uthandi have varying guideline values, with Beach Road at Rs 2,800 per sq.ft and Bharathy Street at Rs 2,200 per sq.ft, among others.

Where can I find the Sub Registrar Office for Bhapertasher/Noordeen Garden?

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