Guideline Value for BHARATHIYAR 3RD CROSS STREET

Bharathiyar 3rd Cross Street guideline value

The current guideline value of Bharathiyar 3rd 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 is classified as Residential Class III Type - II.

How the guideline value of Bharathiyar 3rd Cross Street has changed

Over the years, the guideline value of Bharathiyar 3rd Cross Street has seen several revisions. The 2007 revision set the value at Rs 1,200 per sq.ft, which increased significantly to Rs 4,300 per sq.ft in 2012. However, between 2012 and 2017, the value decreased to Rs 2,881 per sq.ft. The 2023 revision brought it back up to Rs 4,300 per sq.ft, and the latest revision in 2024 set the value at Rs 4,700 per sq.ft, marking a 9% increase from the previous year.

To summarize the changes: from 2007 to 2012, there was a substantial increase of 258%; from 2012 to 2017, the value decreased by 33%; then from 2017 to 2023, it rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 292%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, indicating that Bharathiyar 3rd Cross Street's 2024 figure is below this median.

• Bharathiyar 3rd Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 4th Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 5th Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 1st Lane: Rs 4,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 3rd Cross Street

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 cost for these fees 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar 3rd Cross Street?

The Kodambakkam Sub Registrar Office covers Bharathiyar 3rd Cross Street. The office is 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 an essential factor in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented at a fair value as per the government regulations.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathiyar 3rd Cross Street?

The current guideline value of Bharathiyar 3rd 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, increasing from Rs 1,200 per sq.ft in 2007 to Rs 4,700 per sq.ft in 2024, with various fluctuations in between.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 47,00,000, the stamp duty would be Rs 3,29,000 and the registration fee would be Rs 94,000, totaling Rs 4,23,000.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the classification of land on Bharathiyar 3rd Cross Street?

The land classification for Bharathiyar 3rd Cross Street is Residential Class III Type - II.