Guideline Value for BHARATHIDASAN STREET

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Perungudi village, under the Neelankarai SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 250 per sq.ft. This increased to Rs 650 per sq.ft in 2003, marking a significant rise of 160%. In 2007, the value further increased to Rs 800 per sq.ft, which was a 23% rise from the previous year. The 2012 revision saw the value jump to Rs 2,500 per sq.ft, reflecting a substantial increase of 213% from 2007. However, in 2017, it decreased to Rs 1,675 per sq.ft, a decline of 33% from 2012. The value then rose again to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,800 per sq.ft in 2024, which is a 12% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1020%. The register has no figure for revisions in years other than those listed.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Bharathidasan Street's 2024 figure below that median.

• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathy Avenue: Rs 2,800 per sq.ft (2024)
• Bound Salai: Rs 2,200 per sq.ft (2024)
• Cheran Chenkuttuvan Street: Rs 3,300 per sq.ft (2024)
• Balagangatharar Thilakar Street: Rs 2,200 per sq.ft (2024)
• Church Street & Road: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathidasan Street?

The Sub Registrar Office that covers Bharathidasan Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungudi. It is used to determine the stamp duty and registration fees that need to be paid. Buyers should be aware that the guideline value is a key factor in calculating these costs.

When a property is sold, the higher of the guideline value or the sale price is considered for the calculation of stamp duty. This ensures that the appropriate fees are collected based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1020% over the years.

What is the land classification of Bharathidasan Street?

Bharathidasan Street is classified as Residential Class III Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Bharathidasan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 2,52,000.