Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in Thandalam village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Bharathi Street in the revisions from the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Bharathi Street's 2024 figure below this median.

• Chandra Avenue: Rs 1,650 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue Extn: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue: Rs 1,210 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 880 per sq.ft (2024)
• Anna Nagar (ward 6): Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total cost of Rs 79,200. 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?

Bharathi Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thandalam

The guideline value is a crucial factor during property registration in Thandalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Thandalam with their guideline values?

Other streets in Thandalam include Chandra Avenue at Rs 1,650 per sq.ft, Bajanai Koil Street at Rs 1,210 per sq.ft, and Dr.Ambethkar Street at Rs 880 per sq.ft, among others.

How is stamp duty calculated for properties in Bharathi Street?

Stamp duty for properties in Bharathi Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600.

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

The Sub Registrar Office covering Bharathi Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.