Guideline Value for BHARATHIYAR ST

Bharathiyar St guideline value

The current guideline value of Bharathiyar St in Vilingiyambakkam village is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Bharathiyar St has changed

The guideline value for Bharathiyar St has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before rising again to the current rate of Rs 1,310 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the changes in guideline value were as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from the 2012 revision to the 2024 revision shows a slight increase of 9%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry 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, making the current value of Bharathiyar St above that median.

• Bharathiyar Street & Bharathi Avenue: 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty at 7% would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total cost 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 St?

The Bharathiyar St is covered by 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 plays a crucial role during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer is looking to register a property, the guideline value will be considered to ensure that the correct fees are applied. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathiyar St?

The current guideline value of Bharathiyar St 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 back 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 of Bharathiyar St?

Bharathiyar St is classified as Residential Class III Type - I.

What are the other streets in Vilingiyambakkam with their guideline values?

Other streets in Vilingiyambakkam include Bharathi St and Balaji St, both at Rs 1,310 per sq.ft, along with Buddar St and Balamurugan St at Rs 935 per sq.ft, and Chinnamman Koil St at Rs 810 per sq.ft.

Where can I find the Sub Registrar Office for Bharathiyar St?

The Sub Registrar Office covering Bharathiyar St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.