Guideline Value for BHARATHI ST

Bharathi St guideline value

The current guideline value of Bharathi St in Vilingiyambakkam village is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class III Type - I.

How the guideline value of Bharathi St has changed

The guideline value for Bharathi St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,310 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. However, the transition from the 2012 revision to the 2017 revision saw a decrease of 33%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 9%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Bharathi St's 2024 figure above this median.

• Bharathiyar St: Rs 1,310 per sq.ft (2024)
• Bharathiyar Street & Bharathi Avenue: Rs 1,310 per sq.ft (2024)
• Buddar St: Rs 935 per sq.ft (2024)
• Balamurugan St: Rs 935 per sq.ft (2024)
• Balaji St: Rs 1,310 per sq.ft (2024)
• Chinnamman Koil St: Rs 810 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 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, making the total fees together Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vilingiyambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathi St?

The current guideline value of Bharathi St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is currently Rs 1,310 per sq.ft in 2024.

What is the land classification for Bharathi St?

Bharathi St is classified as Residential Class III Type - I under the Avadi SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,10,000, resulting in a stamp duty of Rs 91,700 and a registration fee of Rs 26,200, totaling Rs 1,17,900.

Where is the Sub Registrar Office for Bharathi St located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.