Guideline Value for Bharathidasan Cross Street

Bharathidasan Cross Street guideline value

The current guideline value of Bharathidasan Cross Street in Irumpuliyur village is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Bharathidasan Cross Street has changed

The guideline value for Bharathidasan Cross Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 650 per sq.ft, which increased significantly to Rs 2,300 per sq.ft in 2012, marking a 254% increase. However, this value decreased to Rs 1,541 per sq.ft in the 2017 revision, reflecting a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 2,300 per sq.ft in 2023, and then further increased to Rs 2,530 per sq.ft in 2024, which is a 10% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 289%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Bharathidasan Cross Street above the median.

• Bharathiyar Street (Brahmin Street): Rs 3,850 per sq.ft (2024)
• Bavani Street: Rs 2,200 per sq.ft (2024)
• Barathidasan Street: Rs 2,530 per sq.ft (2024)
• Balaraman Street: Rs 2,530 per sq.ft (2024)
• Balaji Nagar Narmadha Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, resulting in a total cost of Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Cross Street?

Bharathidasan Cross 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 information.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is important for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The guideline value serves as a benchmark for property pricing and is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Bharathidasan Cross Street?

The current guideline value of Bharathidasan Cross Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 289%.

What is the registration office for Bharathidasan Cross Street?

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

How is the stamp duty calculated for properties in Bharathidasan Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 1,77,100.

What is the land classification for Bharathidasan Cross Street?

Bharathidasan Cross Street is classified as Residential Special Type - I under the guideline value register.