Guideline Value for Bharathi Nagar Mada Koil Street

Bharathi Nagar Mada Koil Street guideline value

The current guideline value of Bharathi Nagar Mada Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar Mada Koil Street has changed

The guideline value for Bharathi Nagar Mada Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012, reflecting a rise of 183%. However, the value dropped to Rs 1,139 per sq.ft in 2017, marking a decrease of 33%. The value then rose again to Rs 1,700 per sq.ft in 2023, and most recently to Rs 1,800 per sq.ft in 2024, indicating a 6% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathi Nagar Mada Koil Street's current value is below this median.

• Bharathi Nagar Extension: Rs 1,400 per sq.ft (2024)
• Bharathi Nagar Bajanai Koil Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Palayathan Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Pallikuda Street: Rs 1,800 per sq.ft (2024)
• Bharathiyar Street: Rs 850 per sq.ft (2024)
• Bharath Nagar: Rs 850 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Mada Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathi Nagar Mada Koil Street?

The Sub Registrar Office that covers Bharathi Nagar Mada Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential to consider this value, as the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Mada Koil Street?

The current guideline value of Bharathi Nagar Mada Koil Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the classification of Bharathi Nagar Mada Koil Street?

Bharathi Nagar Mada Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Bharathi Nagar Mada Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000.