Guideline Value for Bharathidasan 2nd Street

Bharathidasan 2nd Street guideline value

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

How the guideline value of Bharathidasan 2nd Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 64%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

The register has no figure for Bharathidasan 2nd Street for the years 2023, 2007, 2003, and 2002.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values 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 Bharathidasan 2nd Street's 2024 figure below this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathidasan 2nd Street?

The Sub Registrar Office that covers Bharathidasan 2nd 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 details.

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

The guideline value is an essential factor during property transactions in Valasaravakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers need to be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2024. Overall, the change from 2012 to 2024 is an increase of 10%.

What is the land classification of Bharathidasan 2nd Street?

Bharathidasan 2nd Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bharathidasan 2nd Street?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000.