Guideline Value for BHARATHYAR STREET

Bharathyar Street guideline value

The current guideline value of Bharathyar Street in Kakkalur village, under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - III.

How the guideline value of Bharathyar Street has changed

The guideline value of Bharathyar Street has seen several revisions over the years. In the 2012 revision, the value was Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 626 per sq.ft, where it remained unchanged in the 2024 revision.

It is important to note that the register has no figures for Bharathyar Street for the years 2002, 2003, and 2007. Therefore, the only available figures are from the revisions in 2012, 2017, 2023, and 2024.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Bharathyar Street.

• Birunthavanam Street: Rs 626 per sq.ft (2024)
• Bharathi Nagar: Rs 626 per sq.ft (2024)
• Brindavanam Nagar: Rs 626 per sq.ft (2024)
• Bhagyam New Town: Rs 626 per sq.ft (2024)
• Balaji Nagar: Rs 626 per sq.ft (2024)
• Balaji Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value is Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, resulting in a total of Rs 56,340. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathyar Street?

The Sub Registrar Office that covers Bharathyar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to or greater than the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Bharathyar Street?

The current guideline value of Bharathyar Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

Which Sub Registrar Office covers Bharathyar Street?

Bharathyar Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total guideline value is Rs 6,26,000, resulting in total fees of Rs 56,340.

What is the land classification for Bharathyar Street?

The land classification for Bharathyar Street is Residential Class II Type - III.