Guideline Value for BHARATHIYAR STREET (WEST SIDE FROM G.S.T)

Bharathiyar Street (West Side From G.S.T) guideline value

The current guideline value of Bharathiyar Street (West Side From G.S.T) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in SingaperumalKoil village and falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Bharathiyar Street (West Side From G.S.T) has changed

The guideline value for Bharathiyar Street (West Side From G.S.T) has seen several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value saw a decrease to Rs 1,005 per sq.ft in 2017. The guideline value remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, reflecting a 0% change from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 500%.

There are no figures available for the years 2002 and 2003 in the register for this street. The revisions show a notable increase of 49% from 2017 to 2023, while the transition from 2012 to 2017 marked a decrease of 33%. The substantial rise from 2007 to 2012 at 500% highlights the fluctuations in the guideline value over the years.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. Bharathiyar Street's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Bhavani Nagar: Rs 1,100 per sq.ft (2024)
• Buthar Street: Rs 1,500 per sq.ft (2024)
• Avvaiyar Street: Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 1,100 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (West Side From G.S.T)

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, and the registration fee at 2% would be Rs 30,000, making a total of 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.

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

Which Sub Registrar Office covers Bharathiyar Street (West Side From G.S.T)?

The Sub Registrar Office that covers Bharathiyar Street (West Side From G.S.T) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in SingaperumalKoil. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (West Side From G.S.T)?

The current guideline value of Bharathiyar Street (West Side From G.S.T) 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 changed from Rs 250 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and remained at Rs 1,500 per sq.ft in both 2023 and 2024.

What is the stamp duty on property in Bharathiyar Street?

The stamp duty on property in Bharathiyar Street is calculated at 7% of the guideline value. For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000.

Where is the Sub Registrar Office located for Bharathiyar Street?

The Sub Registrar Office for Bharathiyar Street is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

What is the land classification for Bharathiyar Street?

The land classification for Bharathiyar Street (West Side From G.S.T) is Mixed Type - I, indicating a diverse use of land in the area.