Guideline Value for Bharathidasan 5th Street

Bharathidasan 5th Street guideline value

The current guideline value of Bharathidasan 5th 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. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bharathidasan 5th Street has changed

The guideline value for Bharathidasan 5th 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 most recent revision in 2024 has raised it to Rs 550 per sq.ft. The register has no figure for this street for the years 2002, 2003, and 2007.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Kaspapuram

Kaspapuram village has a total of 76 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value. The values range from Rs 440 to Rs 4,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Bharathidasan 5th Street is below this median.

• Bharathidasan 4th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 6th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 3rd Street: Rs 550 per sq.ft (2024)
• Bharathidasan 7th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 2nd 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 5th 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 cost together to 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 5th Street?

The Sub Registrar Office that covers Bharathidasan 5th 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 the registration process when buying or selling property in Kaspapuram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a buyer and seller agree on a sale price, the guideline value will be compared to this price. The higher of the two will be used to calculate stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Bharathidasan 5th Street?

The current guideline value of Bharathidasan 5th 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 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 5th Street?

The land classification for Bharathidasan 5th Street is Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

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 registers properties in Kaspapuram?

The Tambaram Joint 1 Sub Registrar Office is responsible for registering properties in Kaspapuram. It is located at No.26, Mes Road, East Tambaram, Chennai-600059.