Guideline Value for Bharathidasan 1st Street / VOC Nagar

Bharathidasan 1st Street / VOC Nagar guideline value

The current guideline value of Bharathidasan 1st Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Commercial Class I Type - II.

How the guideline value of Bharathidasan 1st Street / VOC Nagar has changed

The guideline value for Bharathidasan 1st Street / VOC Nagar has undergone several revisions over the years. In 2002, the value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The value then saw a significant jump to Rs 360 per sq.ft in 2007, representing a 58% increase. By 2017, the guideline value reached Rs 1,675 per sq.ft, showing a remarkable 365% increase from the previous revision. However, the register has no figure for this street for the year 2012.

Following the 2017 revision, the guideline value rose to Rs 2,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,268%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Bharathidasan 1st Street / VOC Nagar is above this median.

• Bharathidasan 2nd Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathidasan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Bharathidasan Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bhanth Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Bhakathvachalam Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 1st Street / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. 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 Bharathidasan 1st Street / VOC Nagar?

The Sub Registrar Office that covers Bharathidasan 1st Street / VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is an essential factor during the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that must be settled during the registration process. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharathidasan 1st Street / VOC Nagar?

The current guideline value of Bharathidasan 1st Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly from Rs 201 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1,268%.

What is the land classification of Bharathidasan 1st Street / VOC Nagar?

Bharathidasan 1st Street / VOC Nagar is classified as Commercial Class I Type - II.

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

The Sub Registrar Office for Bharathidasan 1st Street / VOC Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the total stamp duty and registration fees would amount to Rs 2,47,500.