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Guideline Value

Corporate

Guideline Value for BHARATHI NAGAR 1ST CROSS STREET 2ND JOINT

₹2200/sq.ft.

The guideline value for Bharathi Nagar 1st Cross Street 2nd 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 2nd Joint

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Bharathi Nagar 1st Cross Street 2nd Joint guideline value

The current guideline value of Bharathi Nagar 1st Cross Street 2nd Joint is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls 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 2nd Joint has changed

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

As there are no changes noted between the revisions, the 2024 figure remains the only reference for this street. The absence of figures in previous revisions indicates a lack of recorded guideline values for this specific location prior to 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathi Nagar 1st Cross Street 2nd Joint's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Bharathi Nagar 1st Cross Street 2nd Joint

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

You can use the stamp duty and registration fee calculator to estimate your fees based on the guideline value.

Which Sub Registrar Office covers Bharathi Nagar 1st Cross Street 2nd Joint?

The Sub Registrar Office that covers Bharathi Nagar 1st Cross Street 2nd Joint is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to assess the transaction value for taxation purposes. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 1st Cross Street 2nd Joint?

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

What is the land classification for Bharathi Nagar 1st Cross Street 2nd Joint?

The land classification for Bharathi Nagar 1st Cross Street 2nd Joint is Residential Class II Type - III.

Are there any previous guideline values for this street?

The guideline value register shows no figures for Bharathi Nagar 1st Cross Street 2nd Joint for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Bharathi Nagar 1st Cross Street 2nd Joint?

The Neelankarai Sub Registrar Office handles the registration for Bharathi Nagar 1st Cross Street 2nd Joint. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.