Guideline Value for BHARATHEESWARAR COLONY 1ST CROSS STREET

Bharatheeswarar Colony 1st Cross Street guideline value

The current guideline value of Bharatheeswarar Colony 1st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and falls under Residential Class III Type - I land classification.

How the guideline value of Bharatheeswarar Colony 1st Cross Street has changed

Over the years, the guideline value of Bharatheeswarar Colony 1st Cross Street has seen several revisions. The register shows that in 2003, the guideline value was Rs 1,102 per sq.ft. This increased to Rs 1,300 per sq.ft in 2007, marking an increase of 18%. In 2012, the value rose significantly to Rs 4,600 per sq.ft, reflecting a 254% increase. However, in 2017, it decreased to Rs 3,886 per sq.ft, a drop of 16%. The value then increased to Rs 4,600 per sq.ft in 2023, an increase of 18%, and finally reached Rs 5,000 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

The register does not provide figures for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 354%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in the village is Rs 5,800 per sq.ft, placing Bharatheeswarar Colony 1st Cross Street's 2024 figure below that median.

• Bharatheeswarar Colony 1st Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 2nd Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 3rd Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 4th Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 5th Street: Rs 5,800 per sq.ft (2024)
• Bharathi Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharatheeswarar Colony 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total cost to Rs 4,50,000. It is important to note that 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 Bharatheeswarar Colony 1st Cross Street?

The Bharatheeswarar Colony 1st Cross Street falls under the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate stamp duty and registration fees, which are essential costs in property transactions.

When a property is sold, the registration office will refer to the guideline value to ensure that the transaction is recorded accurately. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharatheeswarar Colony 1st Cross Street?

The current guideline value of Bharatheeswarar Colony 1st Cross Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,102 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 354% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which Sub Registrar Office covers Bharatheeswarar Colony 1st Cross Street?

The Kodambakkam Sub Registrar Office covers Bharatheeswarar Colony 1st Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, with Bharatheeswarar Colony 1st Cross Street's current value being below this median.