Guideline Value for Bharathiar Street

Bharathiar Street guideline value

The current guideline value of Bharathiar Street in Orakadu & Kiruthalapuram village is Rs 385 per sq.ft, effective from the 2024 revision. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathiar Street has changed

The guideline value for Bharathiar Street has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. However, there was a decrease to Rs 234 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 350 per sq.ft in 2023, and it has now risen to Rs 385 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 28%. It is important to note that the register has no figures for Bharathiar Street for the years 2002 and 2003.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is the same as Bharathiar Street's current guideline value.

• Bharathidasan Street: Rs 385 per sq.ft (2024)
• Bharathi Nagar: Rs 385 per sq.ft (2024)
• Divine City: Rs 900 per sq.ft (2024)
• Anna Street: Rs 385 per sq.ft (2024)
• Ambedkar Street: Rs 275 per sq.ft (2024)
• Allimedu Vilaiyattu Maidha Salai: Rs 385 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 385 per sq.ft, the total guideline value would be Rs 3,85,000. The stamp duty at 7% would amount to Rs 26,950, and the registration fee at 2% would be Rs 7,700. Together, the total cost for stamp duty and registration would be Rs 34,650. 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 Bharathiar Street?

The Sub Registrar Office that covers Bharathiar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a crucial factor when buying or selling property in Orakadu & Kiruthalapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps to avoid any discrepancies that could arise during the registration process.

Frequently asked questions

What is the current guideline value of Bharathiar Street?

The current guideline value of Bharathiar Street is Rs 385 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, with notable increases and decreases in between.

What is the median guideline value in Orakadu & Kiruthalapuram?

The median guideline value in Orakadu & Kiruthalapuram is Rs 385 per sq.ft, which is the same as the current value of Bharathiar Street.

What are the stamp duty and registration fees for property in Bharathiar 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 cost for both would be Rs 34,650.

Which office handles the registration for Bharathiar Street?

The registration for Bharathiar Street is handled by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.