Guideline Value for Bharathiar Street

Bharathiar Street guideline value

The current guideline value of Bharathiar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Bharathiar Street has changed

The guideline value for Bharathiar Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 501 per sq.ft, which significantly increased to Rs 3,000 per sq.ft in the 2012 revision, marking a remarkable increase of 499%. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 3,000 per sq.ft in the 2023 revision, a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Bharathiar Street in the 2002 and 2003 revisions.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,025 per sq.ft, placing Bharathiar Street's 2024 figure above this median.

• Chairman C.N.Mahadevan Street: Rs 4,125 per sq.ft (2024)
• Chairman Ekambaranar Street: Rs 4,125 per sq.ft (2024)
• Azhagesan Salai: Rs 4,125 per sq.ft (2024)
• Chinnamaniyakara Street: Rs 3,850 per sq.ft (2024)
• Councilor Devarajanar Street: Rs 4,125 per sq.ft (2024)
• Devadoss Street: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process for property transactions in Chengalpattu Town. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 501 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 559% over the years.

What are the stamp duty rates for properties on Bharathiar Street?

The stamp duty for properties on Bharathiar Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathiar Street?

The Sub Registrar Office for Bharathiar Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Bharathiar Street?

Bharathiar Street is classified as Residential Special Type - IV, indicating its designated use within the Chengalpattu Town area.