Guideline Value for BHARATHI STREET

Bharathi Street guideline value

The current guideline value of Bharathi Street in Puliyur village, under the Kodambakkam SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen significant changes over the years. In 2002, the value was Rs 750 per sq.ft, which increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value then rose by 27% to Rs 1,050 per sq.ft in 2007. Following this, there was a substantial increase of 310%, bringing the value to Rs 4,300 per sq.ft in 2012. The value remained unchanged at Rs 4,300 per sq.ft until 2023, when it increased by 7% to Rs 4,600 per sq.ft in the 2024 revision.

It is important to note that there is no figure available for Bharathi Street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by 513%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, indicating that Bharathi Street's 2024 figure is below this median.

• Bharathiyar 1st Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 1st Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 3rd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 3rd Lane: Rs 4,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, making the total charges Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathi Street?

Bharathi Street is covered by the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for additional details.

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

The guideline value is a crucial factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to ensure compliance with local regulations and avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2002 to Rs 4,600 per sq.ft in 2024, reflecting an overall increase of 513% over this period.

What are the stamp duty and registration fees for properties on Bharathi Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total charges would be Rs 4,14,000.

Which office handles registrations for Bharathi Street?

The Kodambakkam Sub Registrar Office handles registrations for Bharathi Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the median guideline value for streets in Puliyur?

The median guideline value for streets in Puliyur is Rs 5,800 per sq.ft, which means Bharathi Street's current value is below this median.