Guideline Value for Bharathidasan 6th Street

Bharathidasan 6th Street guideline value

The current guideline value of Bharathidasan 6th 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 6th Street has changed

The guideline value for Bharathidasan 6th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, a 10% increase from Rs 500 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant 49% increase from that year to 2023. The 2012 revision also had a guideline value of Rs 500 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Kaspapuram

In Kaspapuram, there are 76 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Bharathidasan 6th Street's 2024 figure is below this median.

• Bharathidasan 5th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 7th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 4th Street: Rs 550 per sq.ft (2024)
• Bharathidasan 3rd 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 6th 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 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathidasan 6th Street?

The Sub Registrar Office that covers Bharathidasan 6th 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 details.

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

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

When a property is sold, the transaction must be registered at the Sub Registrar Office, and the guideline value is used to calculate the applicable fees. This ensures that the registration reflects the official value of the property in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Bharathidasan 6th Street?

The current guideline value of Bharathidasan 6th 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 2023 to Rs 550 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49% from Rs 335 per sq.ft to Rs 500 per sq.ft.

What is the median guideline value in Kaspapuram?

The median guideline value for the 76 streets in Kaspapuram under the Tambaram Joint 1 SRO is Rs 1,100 per sq.ft, which is higher than the current value of Bharathidasan 6th Street.

What are the stamp duty and registration fees for a property in Bharathidasan 6th Street?

For a 1,000 sq.ft plot valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Bharathidasan 6th Street located?

The Sub Registrar Office for Bharathidasan 6th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.