Guideline Value

Corporate

Guideline Value for BHARATHI STREET

₹4620/sq.ft.

The guideline value for Bharathi Street in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4620 /sq.ft.
From 1-4-2023 ₹4200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2814 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹404 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹350 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharathi Street

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Bharathi Street guideline value

The current guideline value of Bharathi Street in Ekkaduthangal village, under the Chennai South Joint I SRO, is Rs 4,620 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen several revisions over the years. In 2002, the value was Rs 350 per sq.ft. By 2003, it increased to Rs 404 per sq.ft, marking a 15% rise. The value continued to rise, reaching Rs 700 per sq.ft in 2007, which was a significant increase of 73%. The next revision in 2012 saw the value drop to Rs 4,200 per sq.ft, a decrease of 500% from 2007. In 2017, it was revised to Rs 2,814 per sq.ft, reflecting a decline of 33% from the previous figure. The 2023 revision set the value at Rs 4,200 per sq.ft, and the latest revision in 2024 has increased it to Rs 4,620 per sq.ft, which is a 10% increase from 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1220%. There are no figures in the register for any other years for Bharathi Street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is the same as the current guideline value for Bharathi Street.

Stamp duty and registration fee for property in Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value would be Rs 46,20,000. The stamp duty at 7% would amount to Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total fees together to Rs 4,15,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Street?

The Sub Registrar Office that covers Bharathi Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ekkaduthangal. It is used to determine the stamp duty and registration fees payable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the costs involved in the property transfer.

When registering a property, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the duty will be charged on the sale price instead. Therefore, understanding the guideline value is essential for anyone looking to engage in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, reflecting an overall increase of 1220% over the years.

What is the land classification for Bharathi Street?

Bharathi Street falls under the Residential Class II Type - I land classification.

What are the registration fees for property in Bharathi Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Bharathi Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.