Guideline Value for BHARATHEESWARAR COLONY 2ND STREET

Bharatheeswarar Colony 2nd Street guideline value

The current guideline value of Bharatheeswarar Colony 2nd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharatheeswarar Colony 2nd Street has changed

The guideline value for Bharatheeswarar Colony 2nd Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 1,140 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007. The 2012 revision saw a notable increase to Rs 5,300 per sq.ft, but this was followed by a decrease to Rs 3,551 per sq.ft in 2017. The value then rose significantly to Rs 5,300 per sq.ft in 2023, before reaching the current figure of Rs 5,800 per sq.ft in 2024.

In terms of percentage changes, the value increased by 14% from 2003 to 2007, then surged by 308% from 2007 to 2012. However, it dropped by 33% from 2012 to 2017, before climbing by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 9% increase. It is important to note that the register has no figure for this street in 2002.

Guideline values in Puliyur

In Puliyur, 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 value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value for Bharatheeswarar Colony 2nd Street.

• Bharatheeswarar Colony 1st Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 3rd Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 1st Cross Street: Rs 5,000 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these fees to Rs 5,22,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Bharatheeswarar Colony 2nd Street?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value for Bharatheeswarar Colony 2nd Street?

The current guideline value for Bharatheeswarar Colony 2nd 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, starting from Rs 1,140 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024, reflecting various increases and decreases across different revisions.

What is the land classification for Bharatheeswarar Colony 2nd Street?

The land classification for Bharatheeswarar Colony 2nd Street is Residential Class I Type - I.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for accurate calculations.