Guideline Value for BHARATHIDASAN STREET

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Manali village, under the Thiruvottiyur SRO, and falls under the Mixed Special Type - III land classification.

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 Rs 173 per sq.ft, which increased to Rs 197 per sq.ft in 2003, marking a 14% rise. The value then saw a significant increase of 103% to Rs 400 per sq.ft in 2007. In 2012, the value was revised to Rs 1,400 per sq.ft, reflecting a substantial increase of 250% from the previous revision. However, this value decreased by 33% to Rs 938 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose sharply by 49% to Rs 1,400 per sq.ft. The most recent revision in 2024 set the value at Rs 1,500 per sq.ft, which is a 7% increase from the previous year. There are no years in the register that lack a figure for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. Bharathidasan Street's 2024 guideline value is above this median.

• Bharathiyar Street: Rs 1,500 per sq.ft (2024)
• Balaraman Street: Rs 1,500 per sq.ft (2024)
• Chandran Street: Rs 1,200 per sq.ft (2024)
• Chinna Kannu Street: Rs 1,500 per sq.ft (2024)
• Aringnar Anna Nagar / Cross Street: Rs 1,200 per sq.ft (2024)
• Dr. Ambetkar Street / Nagar: Rs 1,500 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manali. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 173 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 767% over the years.

What is the land classification for Bharathidasan Street?

Bharathidasan Street is classified as Mixed Special Type - III.

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

The Sub Registrar Office for Bharathidasan Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.