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 Potheri village under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

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

The guideline value for Bharathi Street has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a -33% change. The subsequent revision in 2023 saw a significant increase to Rs 600 per sq.ft, followed by another increase in 2024 to the current value of Rs 660 per sq.ft, reflecting a +10% change from the previous year.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by +10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing Bharathi Street's current value below this 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 1,100 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 amounts to Rs 6,60,000. The stamp duty, charged at 7%, would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

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

The Chengleput Joint II Sub Registrar Office covers Bharathi Street (Ward-21). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Potheri. 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 used to calculate the applicable fees, ensuring that the government receives the correct revenue based on the property's assessed value. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

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?

Since 2012, the guideline value has seen fluctuations, starting at Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, and then rising again to Rs 660 per sq.ft by 2024.

What is the median guideline value in Potheri village?

The median guideline value in Potheri village is Rs 770 per sq.ft, which is higher than the current guideline value of Bharathi Street.

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

For a 1,000 sq.ft plot valued at Rs 660 per sq.ft, 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 (Ward-21)?

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