Guideline Value for BHARATHI DASAN ST

Bharathi Dasan St guideline value

The current guideline value of Bharathi Dasan St in Paleripattu village is Rs 801 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Bharathi Dasan St has changed

The guideline value for Bharathi Dasan St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it increased to Rs 335 per sq.ft, a decrease of 33%. The value then rose to Rs 500 per sq.ft in the 2023 revision, followed by a significant increase to Rs 801 per sq.ft in the 2024 revision, marking a 60% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 60%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, indicating that Bharathi Dasan St's current value is below this median.

• Bharathidasan Nagar: Rs 990 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Bharathi 2nd Street: Rs 990 per sq.ft (2024)
• Bharathi 1st Street: Rs 990 per sq.ft (2024)
• Bharathi St: Rs 990 per sq.ft (2024)
• Bharathiyar St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Dasan St

For a 1,000 sq.ft plot at the current guideline value of Rs 801 per sq.ft, the total guideline value amounts to Rs 8,01,000. The stamp duty at 7% would be Rs 56,070, and the registration fee at 2% would be Rs 16,020, resulting in a total cost of Rs 72,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Dasan St?

The Sub Registrar Office that covers Bharathi Dasan St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to the established legal framework.

Frequently asked questions

What is the current guideline value of Bharathi Dasan St?

The current guideline value of Bharathi Dasan St is Rs 801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then up to Rs 500 per sq.ft in 2023, and finally to Rs 801 per sq.ft in 2024.

What is the median guideline value for streets in Paleripattu?

The median guideline value for streets in Paleripattu is Rs 990 per sq.ft, which is higher than the current value of Bharathi Dasan St.

What fees are applicable when registering property in Bharathi Dasan St?

The fees applicable include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Dasan St located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.