Guideline Value for Bharathi street (Ramapuram)

Bharathi street (Ramapuram) guideline value

The current guideline value of Bharathi street (Ramapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Bharathi street (Ramapuram) has changed

The guideline value for Bharathi street (Ramapuram) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then reduced to Rs 2,479 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,700 per sq.ft, and the most recent 2024 revision established the current value at Rs 4,000 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 to 2017 revision, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, making Bharathi street's 2024 figure above that median.

• Bharathiyar Cross Street (Thrivalluar Nagar): Rs 1,400 per sq.ft (2024)
• Bharathiyar street (Venkatapuram): Rs 3,600 per sq.ft (2024)
• Bhagavathi Ammal Koil St.: Rs 3,600 per sq.ft (2024)
• Bhagath Singh 1st Street (Thiruvalluvar nagar): Rs 1,400 per sq.ft (2024)
• Bazzar Street: Rs 6,500 per sq.ft (2024)
• Bavani Nagar: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi street (Ramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total charges to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi street (Ramapuram)?

The Sub Registrar Office that covers Bharathi street (Ramapuram) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Bharathi street (Ramapuram)?

The current guideline value of Bharathi street (Ramapuram) is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Bharathi street (Ramapuram)?

The land classification for Bharathi street (Ramapuram) is Residential Special Type - II.

Where can I find the Sub Registrar Office for Bharathi street (Ramapuram)?

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

How is the stamp duty calculated for properties in Bharathi street (Ramapuram)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 4,000 per sq.ft, the stamp duty would be Rs 2,80,000.