Guideline Value for BHARATHI ST

Bharathi St guideline value

The current guideline value of Bharathi St in Paleripattu village, under the Avadi SRO, is Rs 990 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 St has changed

The guideline value for Bharathi St has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased to Rs 900 per sq.ft in the 2023 revision, and currently stands at Rs 990 per sq.ft from the 2024 revision, marking a significant increase of 10% from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for Bharathi St for the years 2002, 2003, and 2007.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the current guideline value of Bharathi St.

• Bharathiyar St: Rs 990 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Bharathi Dasan St: Rs 801 per sq.ft (2024)
• Bharathidasan Nagar: Rs 990 per sq.ft (2024)
• Bharathi 2nd Street: Rs 990 per sq.ft (2024)
• Bharathi 1st Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathi St?

The Sub Registrar Office that covers Bharathi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bharathi St?

The current guideline value of Bharathi St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Bharathi St?

Bharathi St is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100 for these fees.

Which office handles property registrations for Bharathi St?

The Avadi Sub Registrar Office handles property registrations for Bharathi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.