Guideline Value for BHARATHEESWARAR COLONY 3RD STREET

Bharatheeswarar Colony 3rd Street guideline value

The current guideline value of Bharatheeswarar Colony 3rd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharatheeswarar Colony 3rd Street has changed

The guideline value for Bharatheeswarar Colony 3rd Street has seen several revisions over the years. In the 2003 revision, the value was Rs 1,140 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007. This was followed by a significant jump to Rs 5,300 per sq.ft in 2012, before dropping to Rs 3,551 per sq.ft in 2017. The value rose again to Rs 5,300 per sq.ft in 2023, and currently stands at Rs 5,800 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 409%. 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 guideline value is Rs 5,800 per sq.ft, which is equal to the current value of Bharatheeswarar Colony 3rd Street.

• Bharatheeswarar Colony 1st Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 2nd 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)
• Bharatheeswarar Colony 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Bharathi Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharatheeswarar Colony 3rd 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, totaling Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharatheeswarar Colony 3rd Street?

The Bharatheeswarar Colony 3rd Street is covered by 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 an essential factor in the registration process of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharatheeswarar Colony 3rd Street?

The current guideline value of Bharatheeswarar Colony 3rd 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 from Rs 1,140 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 409% over this period.

What is the registration office for Bharatheeswarar Colony 3rd Street?

The registration office for Bharatheeswarar Colony 3rd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Bharatheeswarar Colony 3rd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000.

What are the other streets in Puliyur with the same guideline value?

Other streets in Puliyur with the same guideline value of Rs 5,800 per sq.ft include Bharatheeswarar Colony 1st Street, Bharatheeswarar Colony 2nd Street, Bharatheeswarar Colony 4th Street, and Bharatheeswarar Colony 5th Street.