Guideline Value for BHARATHIAR STREET (WARD -3)

Bharathiar Street (Ward -3) guideline value

The current guideline value of Bharathiar Street (Ward -3) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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

The guideline value of Bharathiar Street (Ward -3) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. The subsequent 2023 revision increased the value to Rs 600 per sq.ft, and the most recent revision in 2024 raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 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 550 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)
• Bhuthar Nagar (Per): Rs 440 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 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

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 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 notable changes in 2017 and 2023 revisions as well.

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

Bharathiar Street (Ward -3) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in Bharathiar Street (Ward -3)?

For a plot of 1,000 sq.ft, the total guideline value is Rs 6,60,000, with a stamp duty of Rs 46,200 and a registration fee of Rs 13,200, totaling Rs 59,400.

Which office handles registrations for Bharathiar Street (Ward -3)?

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