Guideline Value for Bharathidasan Nagar 3rd Street

Bharathidasan Nagar 3rd Street guideline value

The current guideline value of Bharathidasan Nagar 3rd 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. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathidasan Nagar 3rd Street has changed

The guideline value for Bharathidasan Nagar 3rd Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which saw a decrease to Rs 1,005 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value of Bharathidasan Nagar 3rd Street is below this median.

• Bharathidasan Nagar 3rd Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Bharathidasan Nagar 2nd Cross Street: Rs 1,600 per sq.ft (2024)
• Bharathidasan Nagar 1st Cross 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 3rd 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 amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar 3rd Street?

The Bharathidasan Nagar 3rd 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Rajakilpakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar 3rd Street?

The current guideline value of Bharathidasan Nagar 3rd 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 2023 to Rs 1,600 per sq.ft in 2024, which is a 7% increase. It was Rs 1,005 per sq.ft in 2017, showing a 49% increase from that year to 2023.

What is the land classification for Bharathidasan Nagar 3rd Street?

The land classification for Bharathidasan Nagar 3rd Street is Residential Class II Type - I.

Which office handles the registration for properties in Bharathidasan Nagar 3rd Street?

The Selaiyur Sub Registrar Office handles the registration for properties in Bharathidasan Nagar 3rd Street, located at No.36, Bharathmatha Salai, Chennai - 600 073.

How is stamp duty calculated for properties in Bharathidasan Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,12,000.