Guideline Value for BHARATHIAR STREET

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Tiruttani village, under the Thiruttani SRO, is Rs 1,099 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathiar Street has changed

The guideline value for Bharathiar Street has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision set the value at Rs 1,099 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. Bharathiar Street's 2024 figure of Rs 1,099 per sq.ft is above the median.

• Bus Stand & Bus Stop Road: Rs 1,100 per sq.ft (2024)
• Chengarvara Street: Rs 825 per sq.ft (2024)
• Chennai Byepass ( East Ofo Railway Track): Rs 990 per sq.ft (2024)
• Chennai Road ( Including Gandhi Extn): Rs 990 per sq.ft (2024)
• Chennai Thirupathibye Pass: Rs 1,099 per sq.ft (2024)
• Bajanai Koil Street: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total to Rs 98,910. 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 detailed calculations.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial implications of the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,099 per sq.ft in 2024, which is a total increase of 64% over these years.

What are the stamp duty and registration fees for properties on Bharathiar Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 98,910.

Which Sub Registrar Office handles registrations for Bharathiar Street?

The Thiruttani Sub Registrar Office handles registrations for Bharathiar Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

Where can I find more information about the guideline values in Tiruttani?

More information about the guideline values in Tiruttani can be found in the Registration Department's guideline value register (TNReginet) or by visiting the Thiruttani Sub Registrar Office.