Guideline Value for Berahcah Nagar

Berahcah Nagar guideline value

The current guideline value of Berahcah Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Berahcah Nagar has changed

The guideline value for Berahcah Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, reflecting an 8% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant 49% increase from the previous 2023 figure. The 2012 revision also set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 value.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, placing the guideline value of Berahcah Nagar below this median.

• Bhagavan Ramanar Street: Rs 880 per sq.ft (2024)
• Bhagavathi Pondy Street: Rs 1,300 per sq.ft (2024)
• Bharathidasan 1st Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 1st Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 2nd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Berahcah Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Berahcah Nagar?

The Sub Registrar Office covering Berahcah Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Rajakilpakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

Additionally, the guideline value serves as a reference point for both buyers and sellers, ensuring that property transactions are conducted transparently and in accordance with government regulations. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Berahcah Nagar?

The current guideline value of Berahcah Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, with fluctuations in between. The most notable change was from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, which is higher than the current guideline value of Berahcah Nagar.

What are the stamp duty and registration fees for properties in Berahcah Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Berahcah Nagar?

The Sub Registrar Office for Berahcah Nagar is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the appropriate link.