Guideline Value for Bharathipuram 2nd Cross Street

Bharathipuram 2nd Cross Street guideline value

The current guideline value of Bharathipuram 2nd Cross Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

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

Over the years, the guideline value of Bharathipuram 2nd Cross Street has experienced several revisions. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The latest revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, which is a 49% increase from the 2017 figure.

It is important to note that there are no available figures for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Bharathipuram 2nd Cross Street's guideline value stands at Rs 1,500 per sq.ft. There are no other streets in Vandalur listed under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, calculated at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 precise calculations.

Which Sub Registrar Office covers Bharathipuram 2nd Cross Street?

The Bharathipuram 2nd Cross Street falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value, as it directly impacts the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the duty is charged on whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property as assessed by the guideline value.

Frequently asked questions

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

The current guideline value of Bharathipuram 2nd Cross Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly. From Rs 550 per sq.ft in 2007, it rose to Rs 1,500 per sq.ft in 2012, dropped to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Bharathipuram 2nd Cross Street?

The land classification for Bharathipuram 2nd Cross Street is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for property in Bharathipuram 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000, leading to a stamp duty of Rs 1,05,000 at 7%.