Guideline Value for Bharathi Avenue Extension

Bharathi Avenue Extension guideline value

The current guideline value of Bharathi Avenue Extension is Rs 4,290 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village and falls under the Padappai SRO. The land classification for this street is Industries Type - I.

How the guideline value of Bharathi Avenue Extension has changed

The guideline value for Bharathi Avenue Extension has seen significant changes over the years. In the 2017 revision, the value was Rs 2,613 per sq.ft. This increased to Rs 3,900 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,290 per sq.ft, reflecting a further increase of 10% from the previous year.

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

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Bharathi Avenue Extension's 2024 figure above this median.

• Bharathi Avenue: Rs 2,970 per sq.ft (2024)
• Bharathidasan Street: Rs 2,640 per sq.ft (2024)
• Bharathidasan Street Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)
• Bharathi Nagar Extn: Rs 2,970 per sq.ft (2024)
• Berline Enclave Extension: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty charged at 7% would be Rs 3,00,300, and the registration fee at 2% would amount to Rs 85,800. Together, the total cost for stamp duty and registration fees would be Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Avenue Extension?

The Sub Registrar Office that covers Bharathi Avenue Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is set by the Registration Department and reflects the market conditions for various areas.

When you register a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Bharathi Avenue Extension?

The current guideline value of Bharathi Avenue Extension is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,613 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2023, and then to Rs 4,290 per sq.ft in 2024, marking a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Bharathi Avenue Extension?

For a property valued at Rs 42,90,000, the stamp duty would be Rs 3,00,300 and the registration fee would be Rs 85,800, totaling Rs 3,86,100.

Which Sub Registrar Office covers Bharathi Avenue Extension?

The Padappai Sub Registrar Office covers Bharathi Avenue Extension, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Bharathi Avenue Extension?

The land classification for Bharathi Avenue Extension is Industries Type - I, indicating its suitability for industrial purposes.