Guideline Value for Bharathi Nagar Pallikuda Street

Bharathi Nagar Pallikuda Street guideline value

The current guideline value of Bharathi Nagar Pallikuda Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathi Nagar Pallikuda Street has changed

The guideline value for Bharathi Nagar Pallikuda Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,700 per sq.ft in 2023, and currently stands at Rs 1,800 per sq.ft as per the 2024 revision. The register does not have figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 6% increase. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Bharathi Nagar Pallikuda Street is below this median.

• Bharathi Nagar Palayathan Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Mada Koil Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Extension: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar Bajanai Koil Street: Rs 1,800 per sq.ft (2024)
• Bharathiyar Street: Rs 850 per sq.ft (2024)
• Bharath Nagar: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Pallikuda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, making the total charges Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar Pallikuda Street?

The Bharathi Nagar Pallikuda Street is covered by 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 Selaiyur

The guideline value is a critical factor when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property transaction occurs, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration at the Selaiyur SRO.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Pallikuda Street?

The current guideline value of Bharathi Nagar Pallikuda Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and currently stands at Rs 1,800 per sq.ft in 2024.

What is the stamp duty for properties on this street?

The stamp duty for properties on Bharathi Nagar Pallikuda Street is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty amounts to Rs 1,26,000.

Where is the Selaiyur Sub Registrar Office located?

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

What are the other streets in Selaiyur with similar guideline values?

Other streets in Selaiyur with similar guideline values include Bharathi Nagar Palayathan Street, Bharathi Nagar Mada Koil Street, and Bharathi Nagar Bajanai Koil Street, all at Rs 1,800 per sq.ft.