Guideline Value for Bharathi Avenue

Bharathi Avenue guideline value

The current guideline value of Bharathi Avenue is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharathi Avenue has changed

The guideline value for Bharathi Avenue has undergone revisions over the years. In the 2017 revision, the value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 500 per sq.ft, marking a 49% increase from the 2017 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect changes are from 2017 to 2024, which show an overall increase of 49% in the guideline value per sq.ft.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that have a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Bharathi Avenue's 2024 figure above this median.

• Bharathiyar Street: Rs 300 per sq.ft (2024)
• Bangalore Main Road: Rs 1,320 per sq.ft (2024)
• Bramanar Street: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,100 per sq.ft (2024)
• Compact Homes -Manjari: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Avenue?

The Sub Registrar Office covering Bharathi Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mevaloorkuppam B. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable taxes. Buyers and sellers must be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Avenue?

The current guideline value of Bharathi Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2024, marking a 49% increase. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft. Bharathi Avenue's current guideline value is above this median.

What fees are associated with buying property in Bharathi Avenue?

When buying property in Bharathi Avenue, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathi Avenue?

The Sub Registrar Office for Bharathi Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.