Guideline Value for BHARATHIAR STREET (WARD -18)

Bharathiar Street (Ward -18) guideline value

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

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

Over the years, the guideline value of Bharathiar Street (Ward -18) has seen several revisions. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase from Rs 500 per sq.ft in the 2023 revision, reflecting a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of +49% from 2017 to 2023. The 2012 revision also had a value of Rs 500 per sq.ft, showing a decrease of -33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%.

The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, making the 2024 figure for Bharathiar Street (Ward -18) below that 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 rate of Rs 550 per sq.ft, the 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, bringing the total to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Bharathiar Street (Ward -18) 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 more information.

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

The guideline value serves as a benchmark for property transactions in Panangottur. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures transparency in the transaction process and helps in calculating the necessary fees accurately. This value is updated periodically to reflect changes in the real estate market.

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 2023 to Rs 550 per sq.ft in 2024. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

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

The land classification for Bharathiar Street (Ward -18) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bharathiar Street (Ward -18)?

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

How is the stamp duty calculated for properties in Bharathiar Street (Ward -18)?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value is Rs 5,50,000, leading to a stamp duty of Rs 38,500.