Guideline Value

Corporate

Guideline Value for BHARATHY 1st CROSS STREET

₹2800/sq.ft.

The guideline value for Bharathy 1st Cross Street in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Bharathy 1st Cross Street

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BHARATHY 1st CROSS STREET guideline value

The current guideline value of BHARATHY 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO with a land classification of Residential Class II Type - I.

How the guideline value of BHARATHY 1st CROSS STREET has changed

The guideline value of BHARATHY 1st CROSS STREET has seen several revisions over the years. In 2007, the value was set at Rs 500 per sq.ft, which then increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% increase. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 2,500 per sq.ft in 2023, a 49% increase from the previous revision, and currently stands at Rs 2,800 per sq.ft from the 2024 revision, which is a 12% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 460%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing BHARATHY 1st CROSS STREET's 2024 figure above that median.

Stamp duty and registration fee for property in BHARATHY 1st CROSS STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHARATHY 1st CROSS STREET?

The Sub Registrar Office that covers BHARATHY 1st CROSS STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per the government standards.

When registering a property, buyers and sellers must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures compliance with local regulations and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of BHARATHY 1st CROSS STREET?

The current guideline value of BHARATHY 1st CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 500 per sq.ft to Rs 2,800 per sq.ft in 2024, marking an overall increase of 460%.

What is the land classification for BHARATHY 1st CROSS STREET?

BHARATHY 1st CROSS STREET is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The Neelankarai Sub Registrar Office covers BHARATHY 1st CROSS STREET and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.