Guideline Value

Corporate

Guideline Value for BHARATHY 3rd CROSS STREET

₹2800/sq.ft.

The guideline value for Bharathy 3rd 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 3rd Cross Street

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BHARATHY 3rd CROSS STREET guideline value

The current guideline value of BHARATHY 3rd CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of BHARATHY 3rd CROSS STREET has changed

The guideline value for BHARATHY 3rd CROSS STREET has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, the value dropped to Rs 1,675 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,800 per sq.ft in the 2024 revision, showing a 12% increase from the previous year. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 460%. The changes between the revisions highlight the fluctuations in property valuation over the years, with the most significant increase occurring between 2007 and 2012, followed by a subsequent decrease before the recent increases.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry 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 3rd CROSS STREET above this median.

Stamp duty and registration fee for property in BHARATHY 3rd 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, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers BHARATHY 3rd CROSS STREET?

The Sub Registrar Office that covers BHARATHY 3rd 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. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Enjambakkam, as it serves as a benchmark for property transactions. When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these fees are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of BHARATHY 3rd CROSS STREET?

The current guideline value of BHARATHY 3rd CROSS STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking a total increase of 460% over the years.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with BHARATHY 3rd CROSS STREET being above this median at Rs 2,800 per sq.ft.

What are the stamp duty and registration fees for property in BHARATHY 3rd CROSS STREET?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles the registration for BHARATHY 3rd CROSS STREET?

The Neelankarai Sub Registrar Office handles the registration for BHARATHY 3rd CROSS STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.