Guideline Value for BHARATHIDASAN STREET

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Pallikaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has undergone several revisions over the years. In 2002, the value was set at Rs 85 per sq.ft, which increased to Rs 100 per sq.ft in 2003. The value saw a significant rise to Rs 400 per sq.ft in 2007, followed by a further increase to Rs 1,500 per sq.ft in 2012. However, it decreased to Rs 1,005 per sq.ft in 2017. The value then rose again to Rs 1,500 per sq.ft in 2023, culminating in the current value of Rs 1,650 per sq.ft in 2024. The changes between these revisions include a +10% increase from 2023 to 2024, a +49% increase from 2017 to 2023, a -33% decrease from 2012 to 2017, a +275% increase from 2007 to 2012, a +300% increase from 2003 to 2007, and an +18% increase from 2002 to 2003.

There are no figures recorded for the years not mentioned in this document for Bharathidasan Street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the current guideline value for Bharathidasan Street.

• Bharathidasan Angu Salai Extn: Rs 1,650 per sq.ft (2024)
• Bharathidasan 2nd Street Extn: Rs 1,650 per sq.ft (2024)
• Bharathidasan 2nd Street: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street Extn: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street - 7th Cross Street: Rs 1,650 per sq.ft (2024)
• Bharathidasan 1st Street - 6th Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Street?

The Sub Registrar Office that covers Bharathidasan Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the property transaction process. It is important for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 85 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between, including a notable increase of +10% from 2023 to 2024.

What is the land classification for Bharathidasan Street?

Bharathidasan Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Bharathidasan Street?

The Sub Registrar Office for Bharathidasan Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Bharathidasan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total stamp duty of Rs 1,15,500.