Guideline Value for BHARATHI KUDIYIRUPPU

Bharathi Kudiyiruppu guideline value

The current guideline value of Bharathi Kudiyiruppu is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Bharathi Kudiyiruppu has changed

The guideline value for Bharathi Kudiyiruppu has undergone several revisions over the years. Starting from Rs 1,425 per sq.ft in 2003, it increased to Rs 1,750 per sq.ft in 2007. The value saw a significant jump to Rs 12,000 per sq.ft in 2012, followed by a decrease to Rs 8,040 per sq.ft in 2017. The value then rose to Rs 12,000 per sq.ft in 2023 before reaching the current rate of Rs 13,200 per sq.ft in 2024. The register has no figure for this street for the year 2002.

Between the revisions, there were notable changes. From 2003 to 2007, the value increased by 23%, followed by a staggering 586% increase from 2007 to 2012. However, from 2012 to 2017, the value decreased by 33%. The value then surged by 49% from 2017 to 2023 and increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 826% from 2003 to 2024.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Bharathi Kudiyiruppu's 2024 figure significantly above this median.

• BHARATHI NAGAR 1st STREET (SLUM BOARD): Rs 2,200 per sq.ft (2024)
• BHARATHI NAGAR 2nd STREET (SLUM BOARD): Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• BHARATHI NAGAR WEST 1st STREET: Rs 2,200 per sq.ft (2024)
• BHARATHI NAGAR WEST 2nd STREET: Rs 2,200 per sq.ft (2024)
• Baliamman Koil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. 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 Bharathi Kudiyiruppu?

The Sub Registrar Office that covers Bharathi Kudiyiruppu is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Villivakkam. 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 in Bharathi Kudiyiruppu, the guideline value will influence the costs associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Bharathi Kudiyiruppu?

The current guideline value of Bharathi Kudiyiruppu is Rs 13,200 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 1,425 per sq.ft in 2003 to Rs 13,200 per sq.ft in 2024, with various increases and decreases across the years.

What is the land classification for Bharathi Kudiyiruppu?

The land classification for Bharathi Kudiyiruppu is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Bharathi Kudiyiruppu?

The Sub Registrar Office for Bharathi Kudiyiruppu is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 11,88,000.