Guideline Value for BHARATHEESWARAR COLONY 1ST STREET

Bharatheeswarar Colony 1st Street guideline value

The current guideline value of Bharatheeswarar Colony 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

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

The guideline value for Bharatheeswarar Colony 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,038 per sq.ft. This increased to Rs 1,140 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 1,300 per sq.ft in 2007, reflecting a 14% increase. A significant jump occurred in 2012, where the value reached Rs 5,300 per sq.ft, showing a 308% increase from the previous revision. However, the value decreased to Rs 3,551 per sq.ft in 2017, which was a decline of 33%.

From 2017 to 2023, the guideline value increased to Rs 5,300 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, which is a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 459%. There are no figures available for the years not mentioned in this summary.

Guideline values in Puliyur

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

• Bharatheeswarar Colony 1st Cross Street: Rs 5,000 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total to Rs 5,22,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharatheeswarar Colony 1st Street?

The Sub Registrar Office that covers Bharatheeswarar Colony 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Puliyur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Bharatheeswarar Colony 1st Street is Rs 5,800 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 1,038 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 459% over the years.

What is the land classification for Bharatheeswarar Colony 1st Street?

Bharatheeswarar Colony 1st Street is classified as Residential Class I Type - I.

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

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles registrations for Bharatheeswarar Colony 1st Street?

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