Guideline Value for BHARATHI NAGAR ANNEXE 2ND STREET

Bharathi Nagar Annexe 2nd Street guideline value

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

How the guideline value of Bharathi Nagar Annexe 2nd Street has changed

The guideline value register for Bharathi Nagar Annexe 2nd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft.

As there have been no changes between the revisions, the 2024 figure remains consistent with the median guideline value for the village, which is also Rs 2,200 per sq.ft. This indicates that the guideline value for Bharathi Nagar Annexe 2nd Street aligns with the overall market conditions of the area.

Guideline values in Sholinganallur - 1

In the village of 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. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Bharathi Nagar Annexe 2nd Street.

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

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

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, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 Bharathi Nagar Annexe 2nd Street?

The Sub Registrar Office that covers Bharathi Nagar Annexe 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 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 during the transaction.

When a property is registered, the higher of the guideline value or the sale price is used to calculate these fees. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

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

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

What land classification does Bharathi Nagar Annexe 2nd Street fall under?

Bharathi Nagar Annexe 2nd Street is classified as Residential Class II Type - III.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent figure is from the 2024 revision, which is Rs 2,200 per sq.ft.

What are the other streets in Sholinganallur - 1 with the same guideline value?

Other streets in Sholinganallur - 1, such as Bharathi Nagar Annexe 1st Street, 3rd Street, 4th Street, and 5th Street, also have a guideline value of Rs 2,200 per sq.ft as of 2024.

Where can I find the Neelankarai Sub Registrar Office?

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