Guideline Value for BHARATHEESWARAR COLONY 4TH STREET

Bharatheeswarar Colony 4th Street guideline value

The current guideline value of Bharatheeswarar Colony 4th 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 4th Street has changed

The guideline value for Bharatheeswarar Colony 4th Street has seen several revisions over the years. In 2003, the value was Rs 1,140 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007, marking a 14% rise. The value then surged significantly to Rs 5,300 per sq.ft in 2012, reflecting a considerable increase of 308%. However, from 2012 to 2017, it fell to Rs 3,551 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 5,800 per sq.ft, showing an increase of 63% from the 2017 figure. Overall, from 2003 to 2024, the guideline value has increased by 409%.

It is important to note that the register has no figures for the years 2023 and 2002 for this street.

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 guideline value of Bharatheeswarar Colony 4th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value is 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, making a total of 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 4th Street?

The Kodambakkam Sub Registrar Office covers Bharatheeswarar Colony 4th Street, 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 plays a significant role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the property's value. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharatheeswarar Colony 4th Street?

The current guideline value of Bharatheeswarar Colony 4th 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 1,140 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024, indicating an overall increase of 409% over the years.

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 for 2024 include Bharatheeswarar Colony 1st, 2nd, 3rd, and 5th Streets.

Where can I find the registration office for Bharatheeswarar Colony 4th Street?

The registration office for Bharatheeswarar Colony 4th 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 4th Street?

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