Guideline Value for BHARATHIYAR 1ST LANE

Bharathiyar 1st Lane guideline value

The current guideline value of Bharathiyar 1st Lane is Rs 4,700 per sq.ft, effective from 1 July 2024. This lane is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Bharathiyar 1st Lane has changed

In the 2012 revision, the guideline value was Rs 4,300 per sq.ft. This figure decreased to Rs 2,881 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 shows a significant increase to Rs 4,700 per sq.ft, which is a rise of 63% from the 2017 value.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register does not have figures for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Puliyur

In Puliyur village, 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 is Rs 5,800 per sq.ft, placing Bharathiyar 1st Lane's 2024 figure below this median.

• Bharathiyar 1st Cross Street: 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 Lane

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

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar 1st Lane?

Bharathiyar 1st Lane falls under the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted fairly and transparently.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the applicable fees. This value serves as a benchmark for property transactions, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Bharathiyar 1st Lane?

The current guideline value of Bharathiyar 1st Lane 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 seen changes from Rs 4,300 in 2012 to Rs 2,881 in 2017, and then it increased to Rs 4,700 in 2024. Overall, this represents a 9% increase from the 2012 value to the 2024 value.

What is the land classification for Bharathiyar 1st Lane?

Bharathiyar 1st Lane is classified as Residential Class III Type - II. This classification is important for determining the appropriate uses and regulations for properties in the area.

What are the stamp duty rates applicable in Bharathiyar 1st Lane?

The stamp duty rate applicable in Bharathiyar 1st Lane is 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% of the guideline value.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles all registration activities for properties in the area.