Guideline Value for Bharathi Street ward 8th

Bharathi Street ward 8th guideline value

The current guideline value of Bharathi Street ward 8th in Peerklankaranai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathi Street ward 8th has changed

The guideline value for Bharathi Street ward 8th has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. However, the value saw a significant increase in the 2023 revision to Rs 1,800 per sq.ft, followed by a rise to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 10% increase. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 1,650 per sq.ft. Bharathi Street ward 8th's 2024 figure of Rs 1,980 per sq.ft is above this median.

• Bharathi St Near G.S.T Road: Rs 1,980 per sq.ft (2024)
• Bharathi St: Rs 2,200 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 Street ward 8th

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 amount for these fees 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 more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Street ward 8th?

The Sub Registrar Office that covers Bharathi Street ward 8th 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 a crucial factor when buying or selling property in Peerklankaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations and avoid potential legal issues during property transactions. It is advisable to consult the latest figures before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Street ward 8th?

The current guideline value of Bharathi Street ward 8th 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 land classification for Bharathi Street ward 8th?

Bharathi Street ward 8th is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

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 Sub Registrar Office should I visit for transactions related to Bharathi Street ward 8th?

The relevant Sub Registrar Office is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.