Guideline Value for BHARANAR STEET (WARD -6)

Bharanar Steet (Ward -6) guideline value

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

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

The guideline value for Bharanar Steet (Ward -6) has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which saw a decrease to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then further rose to the current value of Rs 1,320 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Bharanar Steet (Ward -6) above this median with its current rate of Rs 1,320 per sq.ft.

• Bharathiar Street (Ward -18): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -3): Rs 661 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Bethanaidu Street (Ward -18): Rs 660 per sq.ft (2024)
• Bharathi Nagar: Rs 660 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 661 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 guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to accurately calculate their costs during the transaction.

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 is currently Rs 1,320 per sq.ft in 2024.

What is the land classification for Bharanar Steet (Ward -6)?

The land classification for Bharanar Steet (Ward -6) is Residential Special Type - V.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bharanar Steet (Ward -6)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 92,400.