Guideline Value for BHARATHIYAR 3RD LANE

Bharathiyar 3rd Lane guideline value

The current guideline value of Bharathiyar 3rd Lane is Rs 4,700 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Bharathiyar 3rd Lane has changed

The guideline value for Bharathiyar 3rd Lane has undergone several revisions over the years. In 2012, the value was set at Rs 4,300 per sq.ft. However, it decreased to Rs 2,881 per sq.ft in 2017, marking a decline of 33%. The most recent revision in 2024 saw a significant increase to Rs 4,700 per sq.ft, which represents a 63% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 9%. It is important to note that the guideline value register does not provide figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Puliyur

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

• Bharathiyar 3rd Cross Street: Rs 4,700 per sq.ft (2024)
• Bharathiyar 4th Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 5th Lane: Rs 4,700 per sq.ft (2024)
• Bharathiyar 2nd 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 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, making the total fees together Rs 4,23,000. It is important to note that 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 3rd Lane?

The Sub Registrar Office that covers Bharathiyar 3rd Lane is 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 property transactions in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized value.

During the registration process, buyers and sellers must adhere to the guideline value set by the government. This ensures transparency and fairness in property transactions, as the guideline value reflects the prevailing market conditions for that area.

Frequently asked questions

What is the current guideline value of Bharathiyar 3rd Lane?

The current guideline value of Bharathiyar 3rd Lane is Rs 4,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 4,300 per sq.ft in 2012 to Rs 2,881 per sq.ft in 2017, and then increased to Rs 4,700 per sq.ft in 2024.

What is the land classification of Bharathiyar 3rd Lane?

Bharathiyar 3rd Lane is classified as Residential Class III Type - II under the Kodambakkam SRO.

What are the stamp duty and registration fees for a property in Bharathiyar 3rd Lane?

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 Sub Registrar Office for Bharathiyar 3rd Lane?

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