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 Vallancheri 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 undergone several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and most recently, it has risen to Rs 1,100 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Vallancheri

Vallancheri has a total of 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, placing Bharathiar Street's 2024 value 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 amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Bharathiar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a critical role during the registration of property transactions in Vallancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the total costs involved in the transaction. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Bharathiar Street (Ward-20)?

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, indicating its suitability for residential purposes.

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

The Chengleput Joint II Sub Registrar Office, which covers Bharathiar Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Vallancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.