Guideline Value for Bharathi Nagar 3rd Street

Bharathi Nagar 3rd Street guideline value

The current guideline value of Bharathi Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar 3rd Street has changed

The guideline value for Bharathi Nagar 3rd Street has undergone several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in the 2017 revision. The most recent revision in 2024 increased the value to Rs 2,400 per sq.ft, marking a significant change of +63% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a slight increase of +9%.

There are also revisions for the years 2002, 2003, 2007, and 2023, but the register has no figure for Bharathi Nagar 3rd Street in those years. It is important to note the fluctuations in value, particularly the decrease from 2012 to 2017, which was -33%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Bharathi Nagar 3rd Street.

• Bharathi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, together totaling Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar 3rd Street?

The Bharathi Nagar 3rd Street falls under 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 is a crucial factor in property transactions in Thirumullaivoyal. It serves as the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. Buyers must be aware of the guideline value to understand the potential costs associated with registration and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 3rd Street?

The current guideline value of Bharathi Nagar 3rd Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increased to Rs 2,400 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by +9%.

What are the other streets with the same guideline value?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,400 per sq.ft in 2024 include Bharathi Nagar 1st Street, 2nd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Bharathi Nagar 3rd Street?

Stamp duty for properties in Bharathi Nagar 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.