Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in Kovilpathagai village, under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathi Street has changed

Looking at the historical revisions, the guideline value for Bharathi Street was Rs 1,000 per sq.ft in 2023, which increased to Rs 1,100 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 670 per sq.ft, indicating a significant increase of +49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 1,000 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that the register has no figures for Bharathi Street for the years 2002, 2003, and 2007.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Bharathi Street's guideline value of Rs 1,100 per sq.ft is above this median.

• Bharathi Nagar Extensition: Rs 1,100 per sq.ft (2024)
• Bharath Nagar: Rs 1,100 per sq.ft (2024)
• Bhavanar Street: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 807 per sq.ft (2024)
• Bhuvaneswari Street: Rs 880 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kovilpathagai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of registration. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, and it was Rs 670 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bharathi Street?

Bharathi Street falls under the Residential Class I Type - I land classification.

Which Sub Registrar Office is responsible for Bharathi Street?

The Ambattur Sub Registrar Office is responsible for Bharathi Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total fees would amount to Rs 99,000.