Guideline Value

Corporate

Guideline Value for BHARATHY 4th CROSS STREET

₹2800/sq.ft.

The guideline value for Bharathy 4th 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 4th Cross Street

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BHARATHY 4th CROSS STREET guideline value

The current guideline value of BHARATHY 4th 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 is classified as Residential Class II Type - I.

How the guideline value of BHARATHY 4th CROSS STREET has changed

The guideline value for BHARATHY 4th CROSS STREET has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. It increased significantly to Rs 2,500 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 2,500 per sq.ft in 2023, followed by a rise to the current value of Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 460%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, making the current guideline value of BHARATHY 4th CROSS STREET above that median.

Stamp duty and registration fee for property in BHARATHY 4th CROSS STREET

For a 1,000 sq.ft plot at the current rate, the 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 to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHARATHY 4th CROSS STREET?

The Sub Registrar Office that covers BHARATHY 4th 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 crucial aspect when buying or selling property in Enjambakkam. It serves as a benchmark for determining the minimum value of the property for registration purposes. The guideline value helps ensure that the property is registered at a fair value, reflecting the market conditions.

When a property is sold, the buyer must pay stamp duty and registration fees 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 BHARATHY 4th CROSS STREET?

The current guideline value of BHARATHY 4th 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 changed from Rs 500 per sq.ft in 2007 to Rs 2,800 per sq.ft in 2024, marking an overall increase of 460% across the revisions.

What are the other streets with the same guideline value in Enjambakkam?

Other streets in Enjambakkam with the same guideline value of Rs 2,800 per sq.ft include BHARATHY 3rd CROSS STREET, BHARATHY 2nd CROSS STREET, BHARATHY 1st CROSS STREET, Bharathy Avenue Cross Road, Bharathy Salai & Street, and Bharathy Street Main Road.

What fees do I need to pay when registering a property?

When registering a property, you need to pay stamp duty at 7% of the guideline value and a registration fee at 2%. The total fees depend on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for BHARATHY 4th CROSS STREET?

The Sub Registrar Office for BHARATHY 4th 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.