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 Vallancheri 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 undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, this value saw a substantial increase of 49% in the 2023 revision, bringing it back up to Rs 600 per sq.ft. As of the 2024 revision, the value has further increased by 10% to Rs 660 per sq.ft.

It is important to note that there are no figures available for Bharathi Street in the revisions from 2002, 2003, and 2007. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value among these streets is Rs 825 per sq.ft, which means that Bharathi Street's 2024 figure 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 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 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, bringing the total to Rs 59,400. It is important to note that 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)?

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 Vallancheri

The guideline value is a crucial factor when registering property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to consider this value during negotiations and to ensure that all legal requirements are met during the registration process.

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 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Vallancheri?

The median guideline value among the 134 streets in Vallancheri is Rs 825 per sq.ft, which is higher than the current value of Bharathi Street.

What are the stamp duty and registration fees for properties in Bharathi Street (Ward-21)?

For a property valued at 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 handles registrations for Bharathi Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.