Guideline Value for Bharathidasan 4th Street

Bharathidasan 4th Street guideline value

The current guideline value of Bharathidasan 4th Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village, under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathidasan 4th Street has changed

Over the years, the guideline value of Bharathidasan 4th Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 500 per sq.ft in the 2023 revision, and then further increased to Rs 550 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

In summary, the guideline value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, making the guideline value of Bharathidasan 4th Street below the median.

• Bharathidasan 3rd 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 2nd 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be 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 the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan 4th Street?

The Sub Registrar Office that covers Bharathidasan 4th 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 is a crucial factor in property transactions in Kaspapuram, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan 4th Street?

The current guideline value of Bharathidasan 4th 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 are the other streets in Kaspapuram with the same guideline value?

Other streets in Kaspapuram with a guideline value of Rs 550 per sq.ft include Bharathidasan 1st Street, Bharathidasan 2nd Street, Bharathidasan 3rd Street, Bharathidasan 5th Street, Bharathidasan 6th Street, and Bharathidasan 7th Street.

What are the stamp duty and registration fees for properties in Bharathidasan 4th Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles property registrations for Bharathidasan 4th Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Bharathidasan 4th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.