Guideline Value for BHARATHIAR STREET (WARD -3)

Bharathiar Street (Ward -3) guideline value

The current guideline value of Bharathiar Street (Ward -3) is Rs 661 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 I Type - III.

How the guideline value of Bharathiar Street (Ward -3) has changed

The guideline value for Bharathiar Street (Ward -3) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 600 per sq.ft. This figure remained unchanged in the subsequent revision in 2017, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Bharathiar Street in the revisions of 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 value for these streets is Rs 1,100 per sq.ft, placing Bharathiar Street (Ward -3) below this median.

• Bharathiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Bharathiar Street (Ward -18): Rs 660 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 -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. 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 -3)?

The Sub Registrar Office that covers Bharathiar Street (Ward -3) 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 Peramanoor

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating these charges.

When registering a property, it is essential to consider the guideline value as it ensures that the transaction is compliant with the local regulations. This value is updated periodically, reflecting changes in the real estate market, and buyers should stay informed about these updates to make informed decisions.

Frequently asked questions

What is the current guideline value of Bharathiar Street (Ward -3)?

The current guideline value of Bharathiar Street (Ward -3) is Rs 661 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 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Bharathiar Street (Ward -3)?

The land classification for Bharathiar Street (Ward -3) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Bharathiar Street (Ward -3)?

The Sub Registrar Office for Bharathiar Street (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Bharathiar Street (Ward -3)?

The stamp duty for property in Bharathiar Street (Ward -3) is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value incurs a total duty of Rs 59,490.