Guideline Value for Bharathidasan Nagar(7th Street)

Bharathidasan Nagar(7th Street) guideline value

The current guideline value for Bharathidasan Nagar(7th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Bharathidasan Nagar(7th Street) has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This value was then revised to Rs 670 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision saw an increase to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,100 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Bharathidasan Nagar(7th Street) below that median.

• Bharathidasan Nagar(6th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(8th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(5th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(9th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(4th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(3rd Street): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Nagar(7th Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar(7th Street)?

The Sub Registrar Office that covers Bharathidasan Nagar(7th Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO here.

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

The guideline value is a crucial factor during the registration of property transactions in Soorapattu. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bharathidasan Nagar(7th Street)?

The current guideline value for Bharathidasan Nagar(7th Street) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Bharathidasan Nagar(7th Street)?

Bharathidasan Nagar(7th Street) is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in Bharathidasan Nagar(7th Street)?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Bharathidasan Nagar(7th Street)?

The Ambattur Sub Registrar Office handles the registration for Bharathidasan Nagar(7th Street), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.