Guideline Value for Bharathidasan Street / VOC Nagar

Bharathidasan Street / VOC Nagar guideline value

The current guideline value of Bharathidasan Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Bharathidasan Street / VOC Nagar has changed

The guideline value for Bharathidasan Street / VOC Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 201 per sq.ft. This value increased to Rs 228 per sq.ft in 2003, marking a 13% rise. The next revision in 2007 set the value at Rs 360 per sq.ft, a 58% increase from the previous year. By 2017, the value had risen dramatically to Rs 1,675 per sq.ft, reflecting a 365% increase from 2007. The 2023 revision brought the value to Rs 2,500 per sq.ft, a 49% increase from 2017. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure available for the 2012 revision for this street in the register.

Guideline values in Pammal

In Pammal village, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, which means that Bharathidasan Street / VOC Nagar's 2024 figure is above that median.

• Bharathidasan Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Bharathidasan 2nd Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathidasan 1st Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Bharathi Nagar /MGR Salai: Rs 1,980 per sq.ft (2024)
• Bhanth Street / Ganapathy Nagar: Rs 1,980 per sq.ft (2024)
• Bhakthavatchalam Street, Nagelkeni: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street / VOC Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. Together, these fees would total Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Street / VOC Nagar?

The Sub Registrar Office that covers Bharathidasan Street / VOC Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. It is essential for potential buyers to consider the guideline value when assessing property prices in the area.

Frequently asked questions

What is the current guideline value of Bharathidasan Street / VOC Nagar?

The current guideline value of Bharathidasan Street / VOC Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, representing an overall increase of 1,268% over the years.

What are the stamp duty and registration fees for property in Bharathidasan Street / VOC Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Bharathidasan Street / VOC Nagar?

The Pammal Sub Registrar Office covers Bharathidasan Street / VOC Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Bharathidasan Street / VOC Nagar?

The land classification for Bharathidasan Street / VOC Nagar is Commercial Class I Type - II, indicating its suitability for commercial activities.