Guideline Value for BHARATHIYAR STREET

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Thiruvancheri village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then decreased to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the guideline value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,980 per sq.ft, marking a significant increase of 32% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It's important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, which matches the guideline value of Bharathiyar Street.

• Bhavani Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,980 per sq.ft (2024)
• Chelliamman Koil Street: Rs 1,980 per sq.ft (2024)
• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)
• Babu Jaga Jeevaram Street: Rs 1,980 per sq.ft (2024)
• Anna Street: Rs 2,530 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thiruvancheri. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are registered at a fair price. This value is used to calculate the stamp duty and registration fees payable during the registration process.

When a property is sold, the guideline value may influence the sale price, but the duty is charged based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value for streets in Thiruvancheri?

The median guideline value for streets in Thiruvancheri is Rs 1,980 per sq.ft, which is the same as the current value for Bharathiyar Street.

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Bharathiyar Street?

The Pallavaram Sub Registrar Office handles property registrations for Bharathiyar Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.