Guideline Value for BHAARATHIDASAN STREET (WARD-20)

Bhaarathidasan Street (Ward-20) guideline value

The current guideline value of Bhaarathidasan Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Bhaarathidasan Street (Ward-20) has changed

The guideline value for Bhaarathidasan Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. The next revision in 2023 saw a significant increase to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, representing a rise of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Bhaarathidasan Street's 2024 figure above this median.

• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Bajanai Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bhaarathidasan Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhaarathidasan Street (Ward-20)?

The Sub Registrar Office that covers Bhaarathidasan Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When you proceed with a property transaction, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications involved in the registration process.

Frequently asked questions

What is the current guideline value of Bhaarathidasan Street (Ward-20)?

The current guideline value of Bhaarathidasan Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Bhaarathidasan Street?

Bhaarathidasan Street is classified as Residential Class I Type - II.

Which office handles property registrations for Bhaarathidasan Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Bhaarathidasan Street (Ward-20).

How is stamp duty calculated for properties in Bhaarathidasan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000.