Guideline Value for BHARATHIYAR 1ST CROSS STREET

Bharathiyar 1st Cross Street guideline value

The current guideline value of Bharathiyar 1st Cross Street is Rs 4,700 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO and falls under the Residential Class III Type - II land classification.

How the guideline value of Bharathiyar 1st Cross Street has changed

Over the years, the guideline value of Bharathiyar 1st Cross Street has seen significant changes. In the 2007 revision, the value was Rs 1,200 per sq.ft. This increased dramatically to Rs 4,300 per sq.ft in the 2012 revision, marking a 258% rise. However, the value decreased to Rs 2,881 per sq.ft in the 2017 revision, which was a 33% drop. The latest revision in 2024 set the guideline value at Rs 4,700 per sq.ft, reflecting a 63% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 292%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value across these streets is Rs 5,800 per sq.ft, indicating that the 2024 guideline value for Bharathiyar 1st Cross Street is below this median.

• Bharathiyar 1st Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 3rd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 3rd Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 4th Lane: Rs 4,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 4,700 per sq.ft, the guideline value amounts to Rs 47,00,000. The stamp duty, charged at 7%, would be Rs 3,29,000, and the registration fee at 2% would be Rs 94,000, bringing the total to Rs 4,23,000. 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 more details.

Which Sub Registrar Office covers Bharathiyar 1st Cross Street?

The Sub Registrar Office that covers Bharathiyar 1st Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for additional information.

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

The guideline value plays a crucial role during property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized valuation rather than fluctuating market prices.

At the time of registration, the guideline value will be referenced to ensure compliance with local regulations. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

Frequently asked questions

What is the current guideline value of Bharathiyar 1st Cross Street?

The current guideline value of Bharathiyar 1st Cross Street is Rs 4,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 4,700 per sq.ft in 2024, with various revisions in between reflecting increases and decreases.

What is the land classification for Bharathiyar 1st Cross Street?

Bharathiyar 1st Cross Street falls under the Residential Class III Type - II land classification.

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

The Kodambakkam Sub Registrar Office, which covers Bharathiyar 1st Cross Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 47,00,000 would incur a stamp duty of Rs 3,29,000 at a rate of 7%.