Guideline Value for Bharathidasan Nagar 2nd Cross Street

Bharathidasan Nagar 2nd Cross Street guideline value

The current guideline value of Bharathidasan Nagar 2nd Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Bharathidasan Nagar 2nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017, marking a significant decline of 33%. However, in 2023, the value increased to Rs 1,500 per sq.ft, and then further rose to Rs 1,600 per sq.ft in 2024, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. From the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, making the current value of Bharathidasan Nagar 2nd Cross Street below that median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty, charged at 7%, would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Therefore, the total cost for these fees would be Rs 1,44,000. Note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Nagar 2nd Cross Street?

The Bharathidasan Nagar 2nd Cross 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 a crucial factor when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When a property transaction occurs, the registration office utilizes the guideline value to calculate applicable duties and fees.

Buyers and sellers must be aware that the guideline value may differ from the actual sale price. The registration fees and stamp duty are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives its due taxes from property transactions.

Frequently asked questions

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

The current guideline value of Bharathidasan Nagar 2nd Cross 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 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

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

Bharathidasan Nagar 2nd Cross Street is classified as Residential Class II Type - I.

What are the registration fees for property in Bharathidasan Nagar 2nd Cross Street?

The registration fees include a stamp duty of 7% and a registration fee of 2%, calculated on the higher of the guideline value or the sale price.

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.