Guideline Value for BHARATHEESWARAR COLONY 5TH STREET

Bharatheeswarar Colony 5th Street guideline value

The current guideline value of Bharatheeswarar Colony 5th 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 is Residential Class I Type - I.

How the guideline value of Bharatheeswarar Colony 5th Street has changed

The guideline value for Bharatheeswarar Colony 5th Street has undergone several revisions since 2003. In 2003, the guideline value was Rs 1,140 per sq.ft, which increased to Rs 1,300 per sq.ft in 2007, marking a change of +14%. The value then saw a significant rise to Rs 5,300 per sq.ft in 2012, reflecting an increase of +308%. However, from 2012 to 2017, the guideline value decreased to Rs 3,551 per sq.ft, a change of -33%. The most recent revision in 2024 has set the guideline value at Rs 5,800 per sq.ft, representing an increase of +63% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by +409%.

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 for these streets is Rs 5,800 per sq.ft, which is equal to the 2024 figure for Bharatheeswarar Colony 5th Street.

• Bharatheeswarar Colony 4th Street: Rs 5,800 per sq.ft (2024)
• Bharatheeswarar Colony 3rd 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 5th 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% amounts to Rs 4,06,000, while the registration fee at 2% is Rs 1,16,000. Together, the total cost for stamp duty and registration fee would be Rs 5,22,000. It is important to note that 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 5th Street?

The Bharatheeswarar Colony 5th 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 a crucial factor during the registration of property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharatheeswarar Colony 5th Street?

The current guideline value of Bharatheeswarar Colony 5th 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, reflecting an overall increase of +409%.

What is the land classification for Bharatheeswarar Colony 5th Street?

Bharatheeswarar Colony 5th Street is classified as 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 is the stamp duty calculated for properties in Bharatheeswarar Colony 5th Street?

The stamp duty for properties in Bharatheeswarar Colony 5th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.