Guideline Value for Bharathiar St, Ponniammanmedu (Ward-22)

Bharathiar St, Ponniammanmedu (Ward-22) guideline value

The current guideline value for Bharathiar St, Ponniammanmedu (Ward-22) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathiar St, Ponniammanmedu (Ward-22) has changed

The guideline value for Bharathiar St, Ponniammanmedu has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. Following this, the value increased to Rs 1,500 per sq.ft in 2023, marking a significant increase of 49% from 2017. As of the latest revision in 2024, the guideline value stands at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madhavaram

Madhavaram village has a total of 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which matches the 2024 figure for Bharathiar St, Ponniammanmedu.

• Bharathiar St. Main Rd (Ward No.15): Rs 1,600 per sq.ft (2024)
• Bharathiar St Extn. (Ward No.28): Rs 1,600 per sq.ft (2024)
• Bharathiar St Extension (Ward No.15): Rs 1,600 per sq.ft (2024)
• Bharathiar St. Cross Road (Ward No.15): Rs 1,600 per sq.ft (2024)
• Bharathiar St. 3rd st (Ward No.15): Rs 1,600 per sq.ft (2024)
• Bharathiar St. 2nd st (Ward No.15): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar St, Ponniammanmedu (Ward-22)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Bharathiar St, Ponniammanmedu (Ward-22)?

The Sub Registrar Office that covers Bharathiar St, Ponniammanmedu (Ward-22) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is used as a benchmark for property transactions in Madhavaram. When buying or selling property, the guideline value helps determine the stamp duty and registration fees that need to be paid to the authorities.

It is essential for buyers and sellers to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bharathiar St, Ponniammanmedu (Ward-22)?

The current guideline value of Bharathiar St, Ponniammanmedu (Ward-22) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,600 per sq.ft in 2024, with several revisions in between, including a significant increase of 49% from 2017 to 2023.

What is the land classification for Bharathiar St, Ponniammanmedu?

Bharathiar St, Ponniammanmedu is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties in the area.

How is stamp duty calculated in Bharathiar St, Ponniammanmedu?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.