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 Thailavaram 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 has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, a significant drop of 33%. In 2023, the value increased to Rs 600 per sq.ft, and the latest revision in 2024 shows an increase to Rs 660 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 600 per sq.ft. Overall, comparing the 2012 figure to the current 2024 value, there has been a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Bharathi Street (Ward-21) is 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 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 881 per sq.ft (2024)
• C.B.S.C Nagar (Val): Rs 881 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 be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

Bharathi Street (Ward-21) is covered by 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 Thailavaram

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

When a property is sold, the buyer must ensure that the sale price is either equal to or greater than the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

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 often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2012, 2017, 2023, and 2024.

What was the guideline value in 2017?

The guideline value for Bharathi Street (Ward-21) in 2017 was Rs 402 per sq.ft.

What is the stamp duty rate for properties in Bharathi Street?

The stamp duty rate for properties in Bharathi Street (Ward-21) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.