Guideline Value for Bharath Vigar Avenue

Bharath Vigar Avenue guideline value

The current guideline value of Bharath Vigar Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharath Vigar Avenue has changed

The guideline value for Bharath Vigar Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is a 6% increase from the previous year's figure of Rs 1,800 per sq.ft in 2023. Looking further back, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, marking a significant 49% rise by 2023. In contrast, the 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 850 to Rs 5,000 per sq.ft, and the median value is Rs 2,150 per sq.ft. Bharath Vigar Avenue's guideline value of Rs 1,900 per sq.ft is below this median.

• Bharathiyar Street: Rs 880 per sq.ft (2024)
• Bharathidasan Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Bharathidasan Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Vigar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharath Vigar Avenue?

The Sub Registrar Office that covers Bharath Vigar Avenue 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 during the registration of property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharath Vigar Avenue?

The current guideline value of Bharath Vigar Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, a 6% increase. It was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012, showing a 49% rise from 2017 to 2023 and a decrease of 33% from 2012 to 2017.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft. Bharath Vigar Avenue's guideline value of Rs 1,900 per sq.ft is below this median.

What are the stamp duty and registration fees for properties on this street?

For a property of 1,000 sq.ft at the guideline value of Rs 1,900 per sq.ft, the total guideline value is Rs 19,00,000. The stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where is the Sub Registrar Office for Bharath Vigar Avenue located?

The Sub Registrar Office for Bharath Vigar Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.