Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2024 revision, where it was again set at Rs 500 per sq.ft. In contrast, the 2017 revision recorded a lower value of Rs 335 per sq.ft, marking a decrease of 33% from the 2012 figure. Between 2017 and 2023, the value increased by 49%, bringing it back to Rs 500 per sq.ft.

There are no recorded figures for Bharathi Street in the revisions of 2002, 2003, and 2007, as the register has no figure for this street in those years. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which aligns with the guideline value of Bharathi Street.

• Bajani Kovil Street: Rs 500 per sq.ft (2024)
• Chengalpet Road: Rs 1,000 per sq.ft (2024)
• ChengelPattu-Thiruvallur Main Road: Rs 1,000 per sq.ft (2024)
• Avvaiyar Street: Rs 500 per sq.ft (2024)
• Compact Homes Jalmika: Rs 2,687 per sq.ft (2024)
• Arunagiriyar Street: Rs 500 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 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. 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?

The Sub Registrar Office that covers Bharathi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected. If the sale price of the property is higher than the guideline value, the duty will be charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the revisions of 2012, 2023, and 2024. It decreased to Rs 335 per sq.ft in 2017 and has seen a 49% increase from 2017 to 2023.

What are the other streets in Maathoor with similar guideline values?

Other streets in Maathoor with a guideline value of Rs 500 per sq.ft include Bajani Kovil Street, Avvaiyar Street, and Arunagiriyar Street.

Where is the Sub Registrar Office for Bharathi Street located?

The Sub Registrar Office for Bharathi Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Maathoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 5,00,000 would incur a stamp duty of Rs 35,000 at 7%.