Guideline Value for BHARATI STREET

Bharati Street guideline value

The current guideline value of Bharati Street in Athipattu village under the Thiruvottiyur SRO is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharati Street has changed

The guideline value for Bharati Street has seen significant changes over the years. In the 2017 revision, the value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Bharati Street in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current value for Bharati Street.

• Buchibabu Nagar: Rs 330 per sq.ft (2024)
• Chamundeeshwari Rail Nagar: Rs 330 per sq.ft (2024)
• Chelliamman Nagar: Rs 330 per sq.ft (2024)
• Balamurugan Nagar: Rs 330 per sq.ft (2024)
• Balaji Nagar: Rs 330 per sq.ft (2024)
• Athipattu New Town: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Bharati Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. 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 Bharati Street?

The Sub Registrar Office that covers Bharati Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Athipattu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers must consider this value to ensure compliance with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharati Street?

The current guideline value of Bharati Street is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value of Bharati Street has increased from Rs 201 per sq.ft to Rs 330 per sq.ft, which is a total increase of 64% over the years.

What are the other streets in Athipattu with the same guideline value?

Other streets in Athipattu that share the same guideline value of Rs 330 per sq.ft include Buchibabu Nagar, Chamundeeshwari Rail Nagar, Chelliamman Nagar, Balamurugan Nagar, Balaji Nagar, and Athipattu New Town.

What fees are involved when registering a property in Bharati Street?

When registering a property in Bharati Street, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharati Street located?

The Sub Registrar Office for Bharati Street is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.