Guideline Value for Bharathi Puram

Bharathi Puram guideline value

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

How the guideline value of Bharathi Puram has changed

The guideline value of Bharathi Puram has seen several revisions over the years. In 2002, the guideline value was Rs 48 per sq.ft, which increased to Rs 100 per sq.ft in 2003. The value then rose significantly to Rs 200 per sq.ft in 2007, followed by a remarkable jump to Rs 2,200 per sq.ft in 2012. However, this figure dropped to Rs 1,474 per sq.ft in 2017. The 2023 revision set the value at Rs 2,200 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,400 per sq.ft.

The changes between these revisions are notable. From 2002 to 2003, there was an increase of 108%. The rise from 2003 to 2007 was 100%, while the jump from 2007 to 2012 was a staggering 1,000%. The value then decreased by 33% from 2012 to 2017. The increase from 2017 to 2023 was 49%, and the latest change from 2023 to 2024 is 9%. Overall, from 2002 to 2024, the guideline value has increased by 4,900%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 2,400 per sq.ft, which matches the current guideline value for Bharathi Puram.

• Bharathi Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Nagar Extension: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 8th Street: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar 7th Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Puram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total 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 fees together to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Puram?

The Sub Registrar Office that covers Bharathi Puram 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 the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the associated fees. This value is updated periodically, reflecting changes in the real estate market.

Frequently asked questions

What is the current guideline value of Bharathi Puram?

The current guideline value of Bharathi Puram 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 48 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification of Bharathi Puram?

Bharathi Puram is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Bharathi Puram is the Ambattur Sub Registrar Office, 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 Puram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,400 per sq.ft would incur a stamp duty of Rs 1,68,000.