Guideline Value for Bharathi street

Bharathi street guideline value

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

How the guideline value of Bharathi street has changed

The guideline value of Bharathi street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 1,000 per sq.ft, followed by another increase to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2024, the overall increase in the guideline value is 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Bharathi street's 2024 guideline value below the median.

• Bharathiyar nagar 1st street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 3rd street: Rs 1,100 per sq.ft (2024)
• Bhavani nagar Prathana Salai (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Britania Nagar: Rs 880 per sq.ft (2024)
• Barathiyar Nagar: Rs 1,300 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 to Rs 99,000. 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?

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 details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ayappakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted fairly and transparently.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable duties. Buyers should be aware that these costs can significantly affect the overall expense involved in the property transaction.

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 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathi street?

Bharathi street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in Bharathi street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 99,000.

Which office handles the registration for Bharathi street?

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