Guideline Value for Bharathidasan 2nd Street

Bharathidasan 2nd Street guideline value

The current guideline value of Bharathidasan 2nd Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathidasan 2nd Street has changed

The guideline value for Bharathidasan 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

In Kaspapuram, there are 76 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, indicating that Bharathidasan 2nd Street's 2024 figure is below this median.

• Bharathidasan 3rd Street: Rs 550 per sq.ft (2024)
• Bharathidasan 1st Street: Rs 550 per sq.ft (2024)
• Bharathidasan 4th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 5th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 6th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 7th Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathidasan 2nd Street?

The Sub Registrar Office that covers Bharathidasan 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kaspapuram

The guideline value plays a crucial role in property transactions in Kaspapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan 2nd Street?

The current guideline value of Bharathidasan 2nd Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Bharathidasan 2nd Street?

Bharathidasan 2nd Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Bharathidasan 2nd Street?

For a 1,000 sq.ft plot, the stamp duty is Rs 38,500, and the registration fee is Rs 11,000, totaling Rs 49,500 based on the current guideline value.

Where can I find the Sub Registrar Office for Bharathidasan 2nd Street?

The Sub Registrar Office for Bharathidasan 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.