Guideline Value for Bharathi Street (Senthil Nagar)

Bharathi Street (Senthil Nagar) guideline value

The current guideline value of Bharathi Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Bharathi Street (Senthil Nagar) has changed

The guideline value for Bharathi Street (Senthil Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally reached Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%. The guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, making Bharathi Street (Senthil Nagar) above this median at Rs 2,700 per sq.ft.

• Bharathi Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Puram: Rs 2,400 per sq.ft (2024)
• Bharathiyar Street(Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathiyar Street(sri Nagar colony): Rs 2,700 per sq.ft (2024)
• Bharathi Nagar Extension: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Bharathi Street (Senthil Nagar)?

The Sub Registrar Office that covers Bharathi Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value is used as a benchmark for property transactions in Thirumullaivoyal. When registering a property, the guideline value helps determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Buyers and sellers must be aware that the guideline value can influence the overall costs associated with property transactions. It serves as a reference point for both parties during negotiations and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Street (Senthil Nagar)?

The current guideline value of Bharathi Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Bharathi Street (Senthil Nagar)?

Bharathi Street (Senthil Nagar) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property transactions here?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Bharathi Street (Senthil Nagar)?

The Ambattur Sub Registrar Office handles registrations for Bharathi Street (Senthil Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.