Guideline Value for Bharathidasan Street (Ward 14, 16)

Bharathidasan Street (Ward 14, 16) guideline value

The current guideline value of Bharathidasan Street (Ward 14, 16) is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Bharathidasan Street (Ward 14, 16) has changed

The guideline value for Bharathidasan Street has remained stable at Rs 1,500 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. In the previous revision, which was in 2017, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of +49% from 2017 to 2023, and an overall increase of +49% from 2017 to 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 as the register has no figure for this street in it. The 2017 revision marked the first recorded guideline value for this street, which has since seen a consistent value in subsequent revisions.

Guideline values in Gooduvancheri

Gooduvancheri village has a total of 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, which is equal to the current value for Bharathidasan Street.

• Bharathiyar Street: Rs 1,500 per sq.ft (2024)
• Balarama Naidu Street: Rs 2,001 per sq.ft (2024)
• Balaji Street: Rs 2,001 per sq.ft (2024)
• Bajanai kovil Street: Rs 1,200 per sq.ft (2024)
• Chakarabani Street: Rs 2,001 per sq.ft (2024)
• Chellappa Colony: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street (Ward 14, 16)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Street (Ward 14, 16)?

The Sub Registrar Office that covers Bharathidasan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable fees. This ensures that the registration reflects a value that is consistent with the current market standards as determined by the guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street (Ward 14, 16) is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, with a significant increase of +49% from Rs 1,005 per sq.ft in 2017 to 2023, and an overall increase of +49% from 2017 to 2024.

What is the land classification for Bharathidasan Street?

Bharathidasan Street is classified as Residential Special Type - I, indicating its suitability for residential development within the area.

Where can I find the registration office for Bharathidasan Street?

The registration office for Bharathidasan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 1,35,000.