Guideline Value for Bharathiar St. 1st st ( Ward No.15 )

Bharathiar St. 1st st ( Ward No.15 ) guideline value

The current guideline value of Bharathiar St. 1st st ( Ward No.15 ) 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. 1st st ( Ward No.15 ) has changed

The guideline value for Bharathiar St. 1st st 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. The value then increased to Rs 1,500 per sq.ft in 2023, followed by a rise to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madhavaram

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

• Bharathiar St. 2nd st ( 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 Jambuli St (Ward-18): Rs 1,600 per sq.ft (2024)
• Bharathiar St. Cross Road ( Ward No.15 ): Rs 1,600 per sq.ft (2024)
• Bharathiar St Extension ( Ward No.15 ): Rs 1,600 per sq.ft (2024)
• Bharathiar 3rd St (Ward-15): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar St. 1st st ( Ward No.15 )

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 details.

Which Sub Registrar Office covers Bharathiar St. 1st st ( Ward No.15 )?

The Sub Registrar Office covering Bharathiar St. 1st st ( Ward No.15 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

Frequently asked questions

What is the current guideline value of Bharathiar St. 1st st?

The current guideline value of Bharathiar St. 1st st ( Ward No.15 ) 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 2023 to Rs 1,600 per sq.ft in 2024, which is a 7% increase. The value also increased by 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Bharathiar St. 1st st?

Bharathiar St. 1st st is classified as Residential Class II Type - I under the Madhavaram SRO.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Bharathiar St. 1st st is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Madhavaram?

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