Guideline Value for Bharathi Colony 2nd Cross Street

Bharathi Colony 2nd Cross Street guideline value

The current guideline value of Bharathi Colony 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Bharathi Colony 2nd Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure decreased significantly to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent 2024 revision saw a substantial increase, bringing the guideline value back up to Rs 3,300 per sq.ft, which is a rise of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 figures, there has been a slight increase of 10%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing the 2024 figure for Bharathi Colony 2nd Cross Street below this median.

• Bharathi Colony 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Bharathi Colony Extn. Salai: Rs 3,300 per sq.ft (2024)
• Bharathi Colony: Rs 3,300 per sq.ft (2024)
• Bharathi Colony Main Road: Rs 3,300 per sq.ft (2024)
• Bharathidasan 1st Street: Rs 3,300 per sq.ft (2024)
• Bharathidasan 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Bharathi Colony 2nd Cross Street?

The Sub Registrar Office that covers Bharathi Colony 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Colony 2nd Cross Street?

The current guideline value of Bharathi Colony 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2012 to 2024?

From 2012 to 2024, the guideline value has increased by 10%, rising from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft.

What was the guideline value in 2017?

The guideline value for Bharathi Colony 2nd Cross Street in 2017 was Rs 2,010 per sq.ft.

Is there a guideline value for Bharathi Colony 2nd Cross Street in 2023?

No, the register has no figure for Bharathi Colony 2nd Cross Street in the 2023 revision.

What is the registration office for Bharathi Colony 2nd Cross Street?

The registration office for Bharathi Colony 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.