Guideline Value for Bharathi St Near G.S.T Road

Bharathi St Near G.S.T Road guideline value

The current guideline value of Bharathi St Near G.S.T Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathi St Near G.S.T Road has changed

Over the years, the guideline value for Bharathi St Near G.S.T Road has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 figure to the 2024 figure reflects a 10% increase.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the current value for Bharathi St Near G.S.T Road above the median.

• Bharathi St: Rs 2,200 per sq.ft (2024)
• Bharathi Street ward 8th: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bharathidasan St: Rs 1,650 per sq.ft (2024)
• Bharathi Cross Street: Rs 1,320 per sq.ft (2024)
• Bavani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi St Near G.S.T Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees together Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi St Near G.S.T Road?

The Sub Registrar Office that covers Bharathi St Near G.S.T Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and avoid any penalties.

When registering a property, the guideline value is considered along with the sale price. The higher of the two values is used to calculate the applicable stamp duty, which is a mandatory fee that contributes to the state's revenue. Understanding these values is essential for anyone looking to engage in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi St Near G.S.T Road?

The current guideline value of Bharathi St Near G.S.T Road is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, with Bharathi St Near G.S.T Road's current value being above this median.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for this area?

The Tambaram Joint 1 Sub Registrar Office manages registrations for Bharathi St Near G.S.T Road, located at No.26, Mes Road, East Tambaram, Chennai-600059.