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Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR 1ST CROSS STREET 1ST JOINT

₹2200/sq.ft.

The guideline value for Bharathi Nagar 1st Cross Street 1st Joint in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Bharathi Nagar 1st Cross Street 1st Joint

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Bharathi Nagar 1st Cross Street 1st Joint guideline value

The current guideline value of Bharathi Nagar 1st Cross Street 1st Joint is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Neelankarai under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Bharathi Nagar 1st Cross Street 1st Joint has changed

According to the guideline value register, there are no figures available for Bharathi Nagar 1st Cross Street 1st Joint for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only recorded figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

The 2024 revision marks the current guideline value, which is equal to the median value for streets in Sholinganallur - 1. There have been no changes between the revisions above.

Guideline values in Sholinganallur - 1

In total, there are 754 streets in Sholinganallur - 1 under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Bharathi Nagar 1st Cross Street 1st Joint.

Stamp duty and registration fee for property in Bharathi Nagar 1st Cross Street 1st Joint

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar 1st Cross Street 1st Joint?

The Sub Registrar Office that covers Bharathi Nagar 1st Cross Street 1st Joint 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 information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the fees are based on a standardized value set by the authorities.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure they are informed about the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 1st Cross Street 1st Joint?

The current guideline value of Bharathi Nagar 1st Cross Street 1st Joint is Rs 2,200 per sq.ft, effective from 1 July 2024.

What is the land classification for Bharathi Nagar 1st Cross Street 1st Joint?

The land classification for Bharathi Nagar 1st Cross Street 1st Joint is Residential Class II Type - III.

What are the registration figures for Bharathi Nagar 1st Cross Street 1st Joint?

The register has no figures for Bharathi Nagar 1st Cross Street 1st Joint for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision.

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.

How is the stamp duty calculated for properties in Bharathi Nagar 1st Cross Street 1st Joint?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.