Guideline Value for Bharathidasan St

Bharathidasan St guideline value

The current guideline value of Bharathidasan St in Peerklankaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Bharathidasan St has changed

The guideline value for Bharathidasan St has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,650 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 indicates a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of Bharathidasan St.

• Bharathi Cross Street: Rs 1,320 per sq.ft (2024)
• Bharathi St: Rs 2,200 per sq.ft (2024)
• Bharathi St Near G.S.T Road: Rs 1,980 per sq.ft (2024)
• Bharathi Street ward 8th: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Bavani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the 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 more details.

Which Sub Registrar Office covers Bharathidasan St?

The Sub Registrar Office that covers Bharathidasan St 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 Peerklankaranai

The guideline value is a critical factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the authorities will assess whether the sale price is higher than the guideline value. The stamp duty is then calculated based on the higher amount, ensuring that the correct fees are collected for the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan St?

The current guideline value of Bharathidasan St is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and is now Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Bharathidasan St?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Bharathidasan St?

The Tambaram Joint 1 Sub Registrar Office covers Bharathidasan St, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification of Bharathidasan St?

Bharathidasan St is classified as Residential Class I Type - II, indicating its suitability for residential purposes.