Guideline Value for Bharathidasan Street (Venkateswara Nagar)

Bharathidasan Street (Venkateswara Nagar) guideline value

The current guideline value of Bharathidasan Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Bharathidasan Street (Venkateswara Nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. The value rose again to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as of the 2024 revision, which is a 7% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with 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 (Venkateswara Nagar) has a guideline value below this median.

• Bharathidasan Street (Gandhi Nagar): Rs 1,800 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 (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. 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 Street (Venkateswara Nagar)?

The Sub Registrar Office that covers Bharathidasan Street (Venkateswara 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 critical factor in the registration process for property transactions in Oragadam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is legally recognized and recorded.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated fees.

Frequently asked questions

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

The current guideline value for Bharathidasan Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 220% over the years.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Bharathidasan Street (Venkateswara Nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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

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

Bharathidasan Street (Venkateswara Nagar) is classified as Residential Class II Type - I, which indicates its suitability for residential developments.