Guideline Value for Bharathi Dasan Street (Senthil Nagar Extn)

Bharathi Dasan Street (Senthil Nagar Extn) guideline value

The current guideline value of Bharathi Dasan Street (Senthil Nagar Extn) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Bharathi Dasan Street (Senthil Nagar Extn) has changed

The guideline value for Bharathi Dasan Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, between 2012 and 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. Following this, the value climbed to Rs 2,500 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, representing an 8% increase from 2023.

It is important to note that the register has no figures for Bharathi Dasan Street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 350%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median of Rs 2,400 per sq.ft. Bharathi Dasan Street’s current guideline value is above this median.

• Bharathidasan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Dasan Street (Senthil Nagar Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Therefore, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Dasan Street (Senthil Nagar Extn)?

The Sub Registrar Office that covers Bharathi Dasan Street (Senthil Nagar Extn) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable duties and fees. This ensures that transactions are conducted transparently and in accordance with legal requirements.

Frequently asked questions

What is the current guideline value of Bharathi Dasan Street?

The current guideline value of Bharathi Dasan Street (Senthil Nagar Extn) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 350% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Bharathi Dasan Street?

The Ambattur Sub Registrar Office handles property registrations for Bharathi Dasan Street (Senthil Nagar Extn), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Bharathi Dasan Street?

Bharathi Dasan Street (Senthil Nagar Extn) is classified as Residential Special Type - II, which indicates its designated use for residential purposes.