Guideline Value for BHARATHIYAR STREET & BHARATHI AVENUE

Bharathiyar Street & Bharathi Avenue guideline value

The current guideline value for Bharathiyar Street & Bharathi Avenue in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Bharathiyar Street & Bharathi Avenue has changed

The guideline value has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 1,310 per sq.ft, marking a 9% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value increased by 9%. Notably, the change from 2017 to 2023 was a substantial 49% increase, while the 2012 to 2017 period saw a decline of 33% in the guideline value.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Bharathiyar Street & Bharathi Avenue above this median.

• Bharathiyar St: Rs 1,310 per sq.ft (2024)
• Bharathi St: Rs 1,310 per sq.ft (2024)
• Buddar St: Rs 935 per sq.ft (2024)
• Balamurugan St: Rs 935 per sq.ft (2024)
• Chinnamman Koil St: Rs 810 per sq.ft (2024)
• Balaji St: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street & Bharathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would amount to Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total fees together to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street & Bharathi Avenue?

The Sub Registrar Office that covers Bharathiyar Street & Bharathi Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are applicable. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bharathiyar Street & Bharathi Avenue?

The current guideline value for Bharathiyar Street & Bharathi Avenue is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for this area?

Bharathiyar Street & Bharathi Avenue is classified as Residential Class III Type - I.

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

The Avadi Sub Registrar Office covers Bharathiyar Street & Bharathi Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,310 per sq.ft, the total fees would amount to Rs 1,17,900.