Guideline Value for Bharathidhasan 2nd Cross Street

Bharathidhasan 2nd Cross Street guideline value

The current guideline value of Bharathidhasan 2nd Cross Street is Rs 2,420 per sq.ft. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathidhasan 2nd Cross Street has changed

The guideline value for Bharathidhasan 2nd Cross Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased to Rs 2,200 per sq.ft in the 2023 revision. The latest revision, effective from 1 July 2024, has raised the guideline value to Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

Thiruneermalai village has a total of 316 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Bharathidhasan 2nd Cross Street.

• Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Extn: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Main Road: Rs 2,420 per sq.ft (2024)
• Bharathidasan Street Extn.: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Street: Rs 2,420 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees to Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidhasan 2nd Cross Street?

The Sub Registrar Office that covers Bharathidhasan 2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role during the registration of properties in Thiruneermalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

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

The current guideline value of Bharathidhasan 2nd Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, showing an overall increase of 64% over this period.

What are the other streets with the same guideline value in Thiruneermalai?

Other streets in Thiruneermalai with the same guideline value of Rs 2,420 per sq.ft include Bharathidhasan 1st Cross Street, Bharathidhasan 3rd Cross Street, Bharathidhasan Extn, Bharathidhasan Main Road, Bharathidasan Street Extn., and Bharathidhasan Street.

What fees are applicable when registering a property in Bharathidhasan 2nd Cross Street?

The fees applicable when registering a property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathidhasan 2nd Cross Street located?

The Sub Registrar Office for Bharathidhasan 2nd Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.