Guideline Value for Bharathidasan Street Extn.,

Bharathidasan Street Extn., guideline value

The current guideline value of Bharathidasan Street Extn., in Thiruneermalai village, under the Pammal SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathidasan Street Extn., has changed

The guideline value for Bharathidasan Street Extn. has seen significant changes over the years. In the 2003 revision, the value was Rs 312 per sq.ft, which increased to Rs 350 per sq.ft in 2007, marking a change of +12%. The value then rose dramatically to Rs 1,474 per sq.ft in the 2017 revision, a substantial increase of +321%. Following this, the 2023 revision set the value at Rs 2,200 per sq.ft, reflecting a growth of +49%. The most recent revision in 2024 brought the value to Rs 2,420 per sq.ft, an increase of +10% from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by +676%. Notably, there are no figures available for the years 2002 and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is equal to the current value of Bharathidasan Street Extn.

• Bharathidasan Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Extn: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Main Road: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total cost would be Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Street Extn.,?

The Sub Registrar Office that covers Bharathidasan Street Extn. 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 information.

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

The guideline value plays a crucial role in property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must be aware that the guideline value is the basis for calculating these costs.

When a property is sold, the sale price is compared to the guideline value. The higher of the two figures is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan Street Extn.?

The current guideline value of Bharathidasan Street Extn. is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 312 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, which is an overall increase of +676%.

What are the stamp duty and registration fees for property in Bharathidasan Street Extn.?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Bharathidasan Street Extn.?

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

What is the land classification of Bharathidasan Street Extn.?

Bharathidasan Street Extn. falls under the Residential Class I Type - I land classification.