Guideline Value for BHARATHIYAR 4TH LANE

Bharathiyar 4th Lane guideline value

The current guideline value of Bharathiyar 4th Lane is Rs 4,700 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - II.

How the guideline value of Bharathiyar 4th Lane has changed

The guideline value for Bharathiyar 4th Lane has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 4,300 per sq.ft. This value decreased to Rs 2,881 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 4,700 per sq.ft, reflecting a change of 63%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

It is important to note that there are no recorded 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 that carry a 2024 guideline value, 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, placing Bharathiyar 4th Lane's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,700 per sq.ft, the total guideline value would be Rs 47,00,000. The stamp duty at 7% would amount to Rs 3,29,000, and the registration fee at 2% would be Rs 94,000, resulting in a total of Rs 4,23,000. It is essential 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 4th Lane?

The Sub Registrar Office that covers Bharathiyar 4th 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps in ensuring transparency and compliance with the legal requirements during property transactions. It is advisable for buyers and sellers to consult the latest guideline values to avoid any discrepancies in their transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar 4th Lane?

The current guideline value of Bharathiyar 4th 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 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 for Bharathiyar 4th Lane?

Bharathiyar 4th Lane is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Bharathiyar 4th Lane?

The Sub Registrar Office for Bharathiyar 4th Lane is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for property in Bharathiyar 4th Lane?

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