Guideline Value for BHARATHIDHASAN STREET

Bharathidhasan Street guideline value

The current guideline value of Bharathidhasan Street in Vengathur village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Manavalanagar SRO and is classified as Commercial Class I Type - III.

How the guideline value of Bharathidhasan Street has changed

In the 2007 revision, the guideline value was set at Rs 150 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,300 per sq.ft, marking an increase of 767%. However, from 2012 to 2017, the value dropped by 33% to Rs 871 per sq.ft. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,300 per sq.ft, indicating no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 767%. It is important to note that the register has no figures for the years 2002 and 2003 for Bharathidhasan Street.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Bharathidhasan Street's 2024 figure of Rs 1,300 per sq.ft is above this median.

• Bharathiar Street: Rs 1,000 per sq.ft (2024)
• Buther Street: Rs 1,300 per sq.ft (2024)
• Chandra Nagar: Rs 500 per sq.ft (2024)
• Baba Street: Rs 800 per sq.ft (2024)
• Azhagiri Street: Rs 1,300 per sq.ft (2024)
• C.V.M.Annamalai Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidhasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. 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 accurate calculations.

Which Sub Registrar Office covers Bharathidhasan Street?

The Sub Registrar Office that covers Bharathidhasan Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Vengathur. It serves as a benchmark for the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathidhasan Street?

The current guideline value of Bharathidhasan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most significant increase occurring from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012. The value remained at Rs 1,300 per sq.ft in the subsequent revisions of 2023 and 2024.

What is the land classification for Bharathidhasan Street?

Bharathidhasan Street is classified as Commercial Class I Type - III, which influences its guideline value and potential uses.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bharathidhasan Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000.