Guideline Value for BHARATHIYAR STREET

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 1,400 per sq.ft as per the 2023 revision. This street is located in Navaloor village under the Thiruporur SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen significant changes over the years. In the 2007 revision, the value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 670 per sq.ft. The most recent revision in 2023 shows a substantial increase to Rs 1,400 per sq.ft, marking a 109% rise from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 195%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific guideline values for other streets in Navaloor listed. Bharathiyar Street stands out with its current guideline value of Rs 1,400 per sq.ft.

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to remember that the 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial aspect when registering property transactions in Navaloor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 475 per sq.ft to Rs 1,400 per sq.ft in 2023, reflecting an overall increase of 195%.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,26,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for other streets in Navaloor?

Currently, there are no specific guideline values available for other streets in Navaloor, with Bharathiyar Street being the only one listed at Rs 1,400 per sq.ft.