Guideline Value for Bharathidasan Street (Thiru Nagar)

Bharathidasan Street (Thiru Nagar) guideline value

The current guideline value of Bharathidasan Street (Thiru Nagar) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

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

The guideline value for Bharathidasan Street (Thiru Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in the 2024 revision, marking a change of +10% from the previous year. Overall, from 2012 to 2024, the guideline value has increased by +10%.

In addition, the 2017 to 2023 revision saw a significant increase of +49%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Bharathidasan Street (Thiru Nagar) is above this median value.

• Bharathidasan Street Ch-78 (K.K.): Rs 5,500 per sq.ft (2024)
• Bharathidasan Road 7th Street: Rs 5,500 per sq.ft (2024)
• Bharathidasan Road 6th Street: Rs 5,500 per sq.ft (2024)
• Bharathidasan Road 5th Street: Rs 5,500 per sq.ft (2024)
• Bharathidasan Road 4th Street: Rs 5,500 per sq.ft (2024)
• Bharathidasan Road 3rd Street: Rs 5,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Street (Thiru Nagar)?

The Sub Registrar Office that covers Bharathidasan Street (Thiru Nagar) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property transaction occurs, the guideline value helps ensure that the government receives appropriate revenue through these fees. Buyers and sellers should be aware of the current guideline value to accurately estimate the costs involved in the transaction.

Frequently asked questions

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

The current guideline value of Bharathidasan Street (Thiru Nagar) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, marking a +10% increase. The value was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012.

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

The land classification for Bharathidasan Street (Thiru Nagar) is Residential Class III Type - I.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Bharathidasan Street (Thiru Nagar)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000.