Guideline Value for Bharathidasan 2nd Street / VOC Nagar

Bharathidasan 2nd Street / VOC Nagar guideline value

The current guideline value of Bharathidasan 2nd Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Bharathidasan 2nd Street / VOC Nagar has changed

The guideline value of Bharathidasan 2nd Street / VOC Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 201 per sq.ft. This increased to Rs 228 per sq.ft in 2003, marking an increase of 13%. The value saw a significant rise to Rs 360 per sq.ft in 2007, which was an increase of 58%. By 2017, the guideline value rose dramatically to Rs 1,675 per sq.ft, reflecting a substantial increase of 365% from the previous revision. In 2023, the value further increased to Rs 2,500 per sq.ft, which is a 49% rise from 2017. The latest revision in 2024 sets the guideline value at Rs 2,750 per sq.ft, a 10% increase from 2023.

It is important to note that there is no figure available for Bharathidasan 2nd Street / VOC Nagar in the 2012 revision.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Bharathidasan 2nd Street / VOC Nagar's 2024 figure above that median.

• Bharathidasan 1st Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathidasan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Bharathidasan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bhanth Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Bhakathvachalam Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 2nd Street / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, the total cost would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathidasan 2nd Street / VOC Nagar?

The Sub Registrar Office that covers Bharathidasan 2nd Street / VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical reference point when registering property transactions in Pammal. It determines the minimum value at which a property can be registered, ensuring that the sale price reflects the market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Bharathidasan 2nd Street / VOC Nagar?

The current guideline value of Bharathidasan 2nd Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1268% over the years.

What is the land classification for Bharathidasan 2nd Street / VOC Nagar?

The land classification for Bharathidasan 2nd Street / VOC Nagar is Commercial Class I Type - II.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bharathidasan 2nd Street / VOC Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.