Guideline Value for Bharathidasan 3rd Street

Bharathidasan 3rd Street guideline value

The current guideline value of Bharathidasan 3rd Street in Kaspapuram village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathidasan 3rd Street has changed

The guideline value for Bharathidasan 3rd Street has seen 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 latest revision in 2024 has raised it to Rs 550 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kaspapuram

Kaspapuram village has 76 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Bharathidasan 3rd Street's 2024 figure below that median.

• Bharathidasan 4th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 2nd 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)
• Bharathidasan 1st Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total 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, bringing the total fees to Rs 49,500. Please 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 3rd Street?

The Bharathidasan 3rd Street is covered by 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately with the appropriate governmental authorities.

Frequently asked questions

What is the current guideline value of Bharathidasan 3rd Street?

The current guideline value of Bharathidasan 3rd 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 back 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 3rd Street?

Bharathidasan 3rd Street is classified as Residential Class I Type - III.

Which Sub Registrar Office is responsible for Bharathidasan 3rd Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for Bharathidasan 3rd Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kaspapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.