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Guideline Value

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Guideline Value for BHARATHIDASAN 1ST STREET - 7TH CROSS STREET

₹1650/sq.ft.

The guideline value for Bharathidasan 1st Street - 7th Cross Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Bharathidasan 1st Street - 7th Cross Street

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Bharathidasan 1st Street - 7th Cross Street guideline value

The current guideline value of Bharathidasan 1st Street - 7th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Bharathidasan 1st Street - 7th Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision shows a significant increase to Rs 1,650 per sq.ft, which represents a 64% rise from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 10% in the guideline value.

The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value for Bharathidasan 1st Street - 7th Cross Street.

Stamp duty and registration fee for property in Bharathidasan 1st Street - 7th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Bharathidasan 1st Street - 7th Cross Street?

The Sub Registrar Office that covers Bharathidasan 1st Street - 7th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

When buying or selling property in Pallikaranai, the guideline value plays a crucial role during the registration process. It is used to calculate the stamp duty and registration fees, which are mandatory for any property transaction.

Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate dues based on the value of the property being registered.

Frequently asked questions

What is the current guideline value for Bharathidasan 1st Street - 7th Cross Street?

The current guideline value for Bharathidasan 1st Street - 7th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 value at Rs 1,500 per sq.ft dropping to Rs 1,005 per sq.ft in 2017. It then increased to Rs 1,650 per sq.ft in 2024.

What is the land classification for Bharathidasan 1st Street - 7th Cross Street?

The land classification for Bharathidasan 1st Street - 7th Cross Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bharathidasan 1st Street - 7th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated on properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.