Guideline Value for BHARATHI NAGAR 2ND STREET

Bharathi Nagar 2nd Street guideline value

The current guideline value of Bharathi Nagar 2nd Street is Rs 2,200 per sq.ft, effective from the 2024 revision on 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 2nd Street has changed

The guideline value register has no figures for Bharathi Nagar 2nd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,200 per sq.ft.

There have been no changes between the revisions listed above. The 2024 revision is the first recorded value for Bharathi Nagar 2nd Street, and it aligns with the median guideline value of Rs 2,200 per sq.ft for the village.

Guideline values in Sholinganallur - 1

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

• Bharathi Nagar 1st Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 2nd Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 1st Cross Street 3rd Joint: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, leading to a total of Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar 2nd Street?

The Sub Registrar Office that covers Bharathi Nagar 2nd Street 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 is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 2nd Street?

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

What is the land classification for Bharathi Nagar 2nd Street?

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

Are there any previous guideline values for Bharathi Nagar 2nd Street?

The guideline value register has no figures for Bharathi Nagar 2nd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

What is the median guideline value for streets in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is the same as the current guideline value for Bharathi Nagar 2nd Street.

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.