Guideline Value for BAHARTHIYAR STREET

Baharthiyar Street guideline value

The current guideline value of Baharthiyar Street in Nanmangalam village is Rs 1,960 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Baharthiyar Street has changed

The guideline value for Baharthiyar Street has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012, marking a 500% rise. However, it decreased to Rs 1,206 per sq.ft in 2017, reflecting a 33% drop. The value then rose again to Rs 1,800 per sq.ft in 2023, before reaching the current rate of Rs 1,960 per sq.ft in 2024, which is a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for Baharthiyar Street. Overall, from 2007 to 2024, the guideline value has increased by 553%.

Guideline values in Nanmangalam

Nanmangalam village features 139 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft in 2024. The median value for these streets is Rs 2,750 per sq.ft, placing Baharthiyar Street's current value below this median.

• Avviyar Street: Rs 2,750 per sq.ft (2024)
• Avvai Nagar: Rs 3,850 per sq.ft (2024)
• Avia Enclave(Balakrishnan Street): Rs 2,750 per sq.ft (2024)
• Arunodhayam Nagar: Rs 2,750 per sq.ft (2024)
• Balakrishnan Street: Rs 1,980 per sq.ft (2024)
• Balaraman 1 To 2 Streets: Rs 1,960 per sq.ft (2024)

Stamp duty and registration fee for property in Baharthiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total fees to Rs 1,76,400. It is important to note that 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 Baharthiyar Street?

The Sub Registrar Office that covers Baharthiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Nanmangalam, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during the transaction.

When a property is registered, the guideline value is assessed to calculate the applicable duties and fees. This value serves as a benchmark for the registration process, ensuring that the transaction is documented accurately and according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Baharthiyar Street?

The current guideline value of Baharthiyar Street is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen several changes, starting from Rs 300 per sq.ft in 2007 to Rs 1,960 per sq.ft in 2024. The most significant increase occurred from 2007 to 2012, where it rose by 500%.

What is the land classification for Baharthiyar Street?

Baharthiyar Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Baharthiyar Street?

The Sub Registrar Office for Baharthiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Baharthiyar Street?

Stamp duty for properties in Baharthiyar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total guideline value of Rs 19,60,000, leading to specific stamp duty and registration fees.