Guideline Value for Bharathidasan Street (Gandhi Nagar)

Bharathidasan Street (Gandhi Nagar) guideline value

The current guideline value of Bharathidasan Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class I Type - II land classification.

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

Over the years, the guideline value for Bharathidasan Street (Gandhi Nagar) has seen several revisions. The 2012 revision set the value at Rs 1,700 per sq.ft, which was followed by a decrease to Rs 1,139 per sq.ft in the 2017 revision. However, the value rose significantly to Rs 1,700 per sq.ft in the 2023 revision, and the most recent revision in 2024 has set the guideline value at Rs 1,800 per sq.ft, marking a 6% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%. It is important to note that the register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathidasan Street (Gandhi Nagar) is currently below this median value.

• Bharathidasan Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Bharathi Street (1, 2, 3 Cross Street V.L. Puram): Rs 2,400 per sq.ft (2024)
• Bharathi Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• Bharathi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)
• Bharathi Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty, charged at 7%, would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total cost to Rs 1,62,000. It is important to note that the 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 Street (Gandhi Nagar)?

The Sub Registrar Office covering Bharathidasan Street (Gandhi Nagar) 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 for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the duty is charged based on the higher value between the guideline value and the actual sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Street (Gandhi Nagar)?

The current guideline value of Bharathidasan Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

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

Bharathidasan Street (Gandhi Nagar) is classified under Residential Class I Type - II.

What are the registration fees associated with buying property in Bharathidasan Street (Gandhi Nagar)?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathidasan Street (Gandhi Nagar)?

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