Guideline Value for BHARANAR STEET (WARD -6)

Bharanar Steet (Ward -6) guideline value

The current guideline value for Bharanar Steet (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - V.

How the guideline value of Bharanar Steet (Ward -6) has changed

The guideline value for Bharanar Steet has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street, indicating that the register does not contain any data for those years.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, and Bharanar Steet's 2024 figure of Rs 1,320 per sq.ft is above this median.

• Bharathiar Street (Ward -18): Rs 550 per sq.ft (2024)
• Bharathiar Street (Ward -3): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Bethanaidu Street (Ward -18): Rs 550 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bharanar Steet (Ward -6)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharanar Steet (Ward -6)?

The Sub Registrar Office that covers Bharanar Steet (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees applicable at the time of sale or purchase.

When buyers and sellers engage in a property transaction, the guideline value ensures that the registration fees are calculated fairly based on the current market standards. This helps maintain transparency in the property registration process.

Frequently asked questions

What is the current guideline value of Bharanar Steet (Ward -6)?

The current guideline value of Bharanar Steet (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Panangottur?

The median guideline value for streets in Panangottur is Rs 990 per sq.ft, with Bharanar Steet's 2024 figure being above this median.

What are the stamp duty and registration fees for properties in Bharanar Steet?

For a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total stamp duty and registration fees would amount to Rs 1,18,800, including Rs 92,400 for stamp duty and Rs 26,400 for registration fees.

Which office handles the registration for Bharanar Steet?

The Chengleput Joint II Sub Registrar Office handles the registration for Bharanar Steet (Ward -6), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.