Guideline Value for BHARATHIDASAN 2ND STREET EXTN

Bharathidasan 2nd Street Extn guideline value

The current guideline value of Bharathidasan 2nd Street Extn 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 2nd Street Extn has changed

Over the years, the guideline value for Bharathidasan 2nd Street Extn has seen several revisions. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a significant increase from Rs 1,005 per sq.ft in the 2017 revision. This marks a change of +64% from the 2017 figure. Prior to that, the 2012 revision had the guideline value at Rs 1,500 per sq.ft, which represented a decrease of -33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 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 the same as the current value for Bharathidasan 2nd Street Extn.

• Bharathidasan 2nd Street: Rs 1,650 per sq.ft (2024)
• Bharathidasan Angu Salai Extn: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street Extn: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street - 7th Cross Street: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street - 6th Cross Street: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street - 5th Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 2nd Street Extn

For a property of 1,000 sq.ft at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The applicable 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan 2nd Street Extn?

The Sub Registrar Office that covers Bharathidasan 2nd Street Extn 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 details.

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

The guideline value plays a crucial role when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan 2nd Street Extn?

The current guideline value of Bharathidasan 2nd Street Extn 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 changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then to Rs 1,650 per sq.ft in 2024. This reflects an overall increase of +10% from 2012 to 2024.

What is the land classification for Bharathidasan 2nd Street Extn?

The land classification for Bharathidasan 2nd Street Extn is Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the registration office for Bharathidasan 2nd Street Extn?

The registration office for Bharathidasan 2nd Street Extn 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 16,50,000 incurs a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000.