Guideline Value for Bharathi Nagar 5th Street

Bharathi Nagar 5th Street guideline value

The current guideline value of Bharathi Nagar 5th 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 5th Street has changed

In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly by 63% to reach the current rate of Rs 2,400 per sq.ft. The register has no figure for the years 2023, 2007, 2003, and 2002 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The current value of Rs 2,400 per sq.ft aligns with the median value for the 975 streets in Thirumullaivoyal under the Ambattur SRO, which ranges from Rs 880 to Rs 5,500 per sq.ft.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, the guideline values vary across different streets. The current guideline value for Bharathi Nagar 5th Street is equal to the median value of Rs 2,400 per sq.ft. Below are other streets in Thirumullaivoyal:

• Bharathi Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 8th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 2nd Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,400 per sq.ft, the guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to 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 5th Street?

The Sub Registrar Office that covers Bharathi Nagar 5th Street 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 is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at 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 is used to calculate the applicable duties and fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 5th Street?

The current guideline value of Bharathi Nagar 5th 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 seen several changes, from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, and then increasing to Rs 2,400 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 9%.

What is the land classification for Bharathi Nagar 5th Street?

Bharathi Nagar 5th Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find information on stamp duty and registration fees?

Information on stamp duty and registration fees can be found through the stamp duty and registration fee calculator, which provides an estimate based on the guideline value.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Bharathi Nagar 5th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.