Guideline Value for Bharathidasan 1st Street

Bharathidasan 1st Street guideline value

The current guideline value of Bharathidasan 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Bharathidasan 1st Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the guideline value increased significantly to Rs 3,300 per sq.ft, representing a rise of 64%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

The register does not provide figures for the years 2002, 2003, 2007, and 2023 for Bharathidasan 1st Street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, making Bharathidasan 1st Street's 2024 figure below that median.

• Bharathi Colony Main Road: Rs 3,300 per sq.ft (2024)
• Bharathi Colony Extn. Salai: Rs 3,300 per sq.ft (2024)
• Bharathi Colony 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Bharathi Colony 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Bharathi Colony: Rs 3,300 per sq.ft (2024)
• Bharathidasan 2nd Street: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathidasan 1st Street?

The Sub Registrar Office covering Bharathidasan 1st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Valasaravakkam. It determines the minimum value at which properties can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized valuation, protecting both buyers and sellers in the transaction process.

Frequently asked questions

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

The current guideline value of Bharathidasan 1st 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the stamp duty and registration fees for property in Bharathidasan 1st Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Bharathidasan 1st Street?

The Virugambakkam Sub Registrar Office handles registrations for Bharathidasan 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the significance of the guideline value in property transactions?

The guideline value serves as a benchmark for property registration, ensuring that transactions are conducted at a fair value. It is also used to calculate the stamp duty and registration fees applicable during property transactions.