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Guideline Value

Corporate

Guideline Value for Bharathiar I Street and II Street

₹3800/sq.ft.

The guideline value for Bharathiar I Street And Ii Street in Mugappair village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharathiar I Street And Ii Street

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Bharathiar I Street and II Street guideline value

The current guideline value of Bharathiar I Street and II Street is Rs 3,800 per sq.ft, effective from 1 July 2024. These streets are located in Mugappair village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathiar I Street and II Street has changed

Over the years, the guideline value of Bharathiar I Street and II Street has seen significant changes. In the 2007 revision, the value was Rs 800 per sq.ft. This increased dramatically to Rs 3,500 per sq.ft in the 2012 revision, marking a rise of 338%. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The value then rose to Rs 3,500 per sq.ft in 2023, and subsequently increased to Rs 3,800 per sq.ft in 2024, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 375%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for these streets.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, indicating that the guideline value for Bharathiar I Street and II Street is below this median.

Stamp duty and registration fee for property in Bharathiar I Street and II Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total charges Rs 3,42,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Bharathiar I Street and II Street?

The Bharathiar I Street and II Street fall under the Konnur Sub Registrar Office. The office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mugappair. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Bharathiar I Street and II Street?

The current guideline value of Bharathiar I Street and II Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 800 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, which is an overall increase of 375%.

What is the stamp duty for property in Bharathiar I Street and II Street?

The stamp duty for property in Bharathiar I Street and II Street is 7% of the guideline value or sale price, whichever is higher. For example, on a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000.

Which office handles registrations for Bharathiar I Street and II Street?

The Konnur Sub Registrar Office handles registrations for Bharathiar I Street and II Street. It is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in Mugappair?

The median guideline value for streets in Mugappair is Rs 7,100 per sq.ft. Bharathiar I Street and II Street's 2024 guideline value of Rs 3,800 per sq.ft is below this median.