Guideline Value for BHARATHIAR STREET (WARD-20)

Bharathiar Street (Ward-20) guideline value

The current guideline value of Bharathiar Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Potheri village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathiar Street (Ward-20) has changed

The guideline value for Bharathiar Street has seen several revisions over the years. In the 2012 revision, the value was Rs 1,000 per sq.ft. This decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, a rise of 49%. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in Potheri is Rs 770 per sq.ft, placing Bharathiar Street's 2024 figure above this median.

• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 880 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street (Ward-20)?

Bharathiar Street (Ward-20) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value is an essential factor when registering a property in Potheri. It determines the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official register.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures compliance with the local regulations and helps in the proper documentation of property transactions.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street (Ward-20) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathiar Street?

Bharathiar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

How does Bharathiar Street's guideline value compare to other streets in Potheri?

The guideline value of Bharathiar Street at Rs 1,100 per sq.ft is above the median value of Rs 770 per sq.ft for the 129 streets in Potheri under the Chengleput Joint II SRO.

Where can I find the registration office for Bharathiar Street?

The registration office for Bharathiar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.