Guideline Value for Bharathi St

Bharathi St guideline value

The current guideline value of Bharathi St in Peerklankaranai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Bharathi St has changed

The guideline value for Bharathi St has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it to Rs 2,200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with 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, placing Bharathi St's 2024 figure above this median.

• Bharathi St Near G.S.T Road: Rs 1,980 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Please note that 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 further calculations.

Which Sub Registrar Office covers Bharathi St?

The Sub Registrar Office that covers Bharathi St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the 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 is an essential factor when buying or selling property in Peerklankaranai, as it determines the minimum value at which a property can be registered. This value ensures that transactions are conducted fairly and transparently, reflecting the market conditions.

When registering a property, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This process helps maintain a consistent valuation system across the region.

Frequently asked questions

What is the current guideline value of Bharathi St?

The current guideline value of Bharathi St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Bharathi St?

Bharathi St is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Bharathi St?

The stamp duty for properties in Bharathi St is charged at 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Bharathi St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.