Guideline Value for BHARATHIAR STREET (WARD -18)

Bharathiar Street (Ward -18) guideline value

The current guideline value for Bharathiar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathiar Street (Ward -18) has changed

The guideline value for Bharathiar Street (Ward -18) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 500 per sq.ft. It then decreased to Rs 335 per sq.ft in 2017, followed by an increase to Rs 500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Between 2012 and 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bharathiar Street's 2024 figure below this median.

• Bharathiar Street (Ward -3): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Bharanar Steet (Ward -6): Rs 1,320 per sq.ft (2024)
• Bethanaidu Street (Ward -18): Rs 550 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 660 per sq.ft (2024)
• Balaji Nagar (Ward -19): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees together Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiar Street (Ward -18)?

Bharathiar Street (Ward -18) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This value helps maintain transparency and fairness in property transactions, ensuring that both parties are aware of the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Bharathiar Street (Ward -18)?

The current guideline value of Bharathiar Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Bharathiar Street (Ward -18)?

Bharathiar Street (Ward -18) is classified as Residential Class II Type - I under the Chengleput Joint II SRO.

Where can I find the registration office for Bharathiar Street (Ward -18)?

The registration office for Bharathiar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the fees reflect the true value of the transaction.