Guideline Value for BHARATHI STREET (WARD-21)

Bharathi Street (Ward-21) guideline value

The current guideline value of Bharathi Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Street (Ward-21) has changed

The guideline value for Bharathi Street (Ward-21) has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, marking a 33% drop. However, the value rose significantly to Rs 600 per sq.ft in 2023, and then increased again to Rs 660 per sq.ft in 2024, reflecting a 10% rise from the previous year.

In summary, the guideline value has changed from Rs 600 in 2012 to Rs 660 in 2024, showing an overall increase of 10% over this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, which means that Bharathi Street's 2024 figure is below that median.

• Bharathiar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 880 per sq.ft (2024)
• C.B.S.C Nagar (Val): Rs 880 per sq.ft (2024)
• Chamudeeswari Nagar (Ward-21): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Street (Ward-21)?

The Sub Registrar Office that covers Bharathi Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Street (Ward-21)?

The current guideline value of Bharathi Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 to Rs 402 per sq.ft and increases in subsequent years.

What is the median guideline value in Konathi?

The median guideline value in Konathi is Rs 770 per sq.ft, which is higher than the current guideline value of Bharathi Street (Ward-21).

What are the stamp duty and registration fees for property in Bharathi Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 6,60,000. The stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Bharathi Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Bharathi Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.