Guideline Value for Bharathidasan 1st Street

Bharathidasan 1st Street guideline value

The current guideline value of Bharathidasan 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village and falls under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathidasan 1st Street has changed

The guideline value for Bharathidasan 1st Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which decreased the value to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it to Rs 1,600 per sq.ft. The register has no figure for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,150 per sq.ft, positioning Bharathidasan 1st Street's 2024 figure below this median.

• 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)
• Bharathidasan Nagar 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 3rd Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan 1st Street?

The Bharathidasan 1st Street falls under 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 an essential factor when registering property transactions in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that all transactions are conducted fairly and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathidasan 1st Street?

The current guideline value of Bharathidasan 1st Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with a notable decrease to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What is the land classification of Bharathidasan 1st Street?

Bharathidasan 1st Street is classified as Residential Class II Type - I.

Where can I find the Selaiyur Sub Registrar Office?

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

How is the stamp duty calculated for properties in Bharathidasan 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at 7%.