Guideline Value for BHARATHIYAR STREET

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, or 2007 for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value is Rs 660 per sq.ft, placing Bharathiyar Street's 2024 figure below that median.

• Balaji Gardens: Rs 660 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)
• Anna Nagar (Tkr): Rs 550 per sq.ft (2024)
• Anna Nagar Mettu Street: Rs 550 per sq.ft (2024)
• East Mada Veedhi: Rs 550 per sq.ft (2024)
• Easwaran Kovil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would amount to Rs 11,000. Together, the total charges would be Rs 49,500. 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 precise calculations.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a critical factor when registering property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is registered at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What are the other streets in Thirukkachur - 1?

Other streets in Thirukkachur - 1 include Balaji Gardens, Dharmaraja Koil Street, Anna Nagar (Tkr), Anna Nagar Mettu Street, East Mada Veedhi, and Easwaran Kovil Street, with various guideline values.

What are the stamp duty and registration fees for properties in Bharathiyar Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Bharathiyar Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Bharathiyar Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.