Guideline Value for BHARATHI VIDYALAYA PALLI

Bharathi Vidyalaya Palli guideline value

The current guideline value of Bharathi Vidyalaya Palli is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Bharathi Vidyalaya Palli has changed

Over the years, the guideline value for Bharathi Vidyalaya Palli has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,675 per sq.ft. The value increased significantly in the 2023 revision to Rs 2,500 per sq.ft, and then rose again to Rs 2,725 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, which is equal to the guideline value of Bharathi Vidyalaya Palli.

• Bharathiyar Street: Rs 2,200 per sq.ft (2024)
• Bhavathara: Rs 1,300 per sq.ft (2024)
• Bollineni Hillside: Rs 2,725 per sq.ft (2024)
• Bank Colony: Rs 2,725 per sq.ft (2024)
• Casa Grande "cherry Pick": Rs 2,725 per sq.ft (2024)
• Casa Vogue: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Vidyalaya Palli

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, totaling Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Vidyalaya Palli?

The Sub Registrar Office that covers Bharathi Vidyalaya Palli is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial element in the property registration process in Perumbakkam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Vidyalaya Palli?

The current guideline value of Bharathi Vidyalaya Palli is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 2,500 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, a rise of 9%. The value was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for Bharathi Vidyalaya Palli?

Bharathi Vidyalaya Palli is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Bharathi Vidyalaya Palli?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,25,000 would incur a stamp duty of Rs 1,90,750 at 7% and a registration fee of Rs 54,500 at 2%.