Guideline Value for BAHARATHIYAR STREET

Baharathiyar Street guideline value

The current guideline value of Baharathiyar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Baharathiyar Street has changed

The guideline value for Baharathiyar Street has undergone several revisions since its initial registration. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, reflecting a rise of 500%. However, it then saw a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. The value rebounded to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, an increase of 10% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for Baharathiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Baharathiyar Street.

• Babu Jajeevan Nagar: Rs 3,300 per sq.ft (2024)
• Bakthavasalam Nagar (Tsr Nagar): Rs 3,700 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,900 per sq.ft (2024)
• Ashok Leyland Colony: Rs 1,300 per sq.ft (2024)
• Ashok Avenue: Rs 2,400 per sq.ft (2024)
• A.Sathanthapuram (New Colony): Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Baharathiyar Street

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

Which Sub Registrar Office covers Baharathiyar Street?

The Sub Registrar Office that covers Baharathiyar Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Baharathiyar Street?

The current guideline value of Baharathiyar 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 500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the stamp duty for property in Baharathiyar Street?

The stamp duty for property in Baharathiyar Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Baharathiyar Street located?

The Sub Registrar Office for Baharathiyar Street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Baharathiyar Street?

Baharathiyar Street is classified as Residential Special Type - I under the Thiruvottiyur SRO.