Guideline Value for Bharathi Street

Bharathi Street guideline value

The current guideline value of Bharathi Street in 5. Athipattu village, under the Konnur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Bharathi Street has changed

The guideline value for Bharathi Street has undergone several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 2,200 per sq.ft, representing a further increase of 10% from the previous year.

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

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Bharathi Street. Below are the guideline values for other streets in 5. Athipattu:

• Bharathidasan Street (Chelliamman): Rs 2,200 per sq.ft (2024)
• Bhavani Salai (Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• B.K. Mugamad Road: Rs 3,601 per sq.ft (2024)
• Bethania street: Rs 2,200 per sq.ft (2024)
• Bramhaputra Street (ICF): Rs 2,200 per sq.ft (2024)
• Brindhavan Colony: Rs 1,600 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Therefore, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Street?

Bharathi Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Bharathi Street?

The current guideline value of Bharathi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, which is a total increase of 64% over this period.

What are the stamp duty and registration fees for properties on Bharathi Street?

For a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Bharathi Street?

Bharathi Street is covered by the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Are there other streets with the same guideline value in 5. Athipattu?

Yes, there are several other streets in 5. Athipattu that share the same guideline value of Rs 2,200 per sq.ft, including Bharathidasan Street (Chelliamman), Bhavani Salai (Chelliamman nagar), Bethania street, and Bramhaputra Street (ICF).