Guideline Value for BHARATHIAR STREET (WARD -18)

Bharathiar Street (Ward -18) guideline value

The current guideline value of Bharathiar Street (Ward -18) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

The guideline value for Bharathiar Street (Ward -18) has undergone several revisions over the years. The earliest record available is from 2012, where the value was Rs 600 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The most recent revision in 2024 set the value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Bharathiar Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Bharathiar Street (Ward -18) below this median.

• Bharathiar Street (Ward -3): Rs 661 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 660 per sq.ft (2024)
• Bharathi Nagar: Rs 660 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 661 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 details.

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

Bharathiar Street (Ward -18) is covered by 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 Peramanoor

The guideline value is a crucial aspect of property transactions in Peramanoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the property registration process.

When buying or selling property, it is essential to consider the guideline value, as it ensures compliance with legal requirements and helps in assessing the financial obligations associated with the transaction.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with significant fluctuations in between, including a decrease to Rs 402 per sq.ft in 2017 and an increase to Rs 600 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles the registration for Bharathiar Street (Ward -18)?

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

What is the median guideline value for streets in Peramanoor?

The median guideline value for streets in Peramanoor is Rs 1,100 per sq.ft, while Bharathiar Street (Ward -18) is below this median at Rs 660 per sq.ft.