Guideline Value for Bharathidasan Street Extn

Bharathidasan Street Extn guideline value

The current guideline value of Bharathidasan Street Extn is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Bharathidasan Street Extn has changed

The guideline value for Bharathidasan Street Extn has seen significant changes over the years. The 2007 revision set the value at Rs 300 per sq.ft. This increased to Rs 2,700 per sq.ft in the 2012 revision, marking an increase of 800%. However, in the 2017 revision, the value dropped to Rs 1,809 per sq.ft, reflecting a decrease of 33%. The 2023 revision then raised the value to Rs 2,700 per sq.ft, and the most recent 2024 revision established the current value at Rs 2,970 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 890%. It is important to note that the register has no figures for Bharathidasan Street Extn for the years 2002 and 2003.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Bharathidasan Street Extn above this median.

• Bharathidasan Street: Rs 2,640 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)
• Bharathi Avenue Extension: Rs 4,290 per sq.ft (2024)
• Bharathi Avenue: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 3,960 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 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, while the registration fee at 2% would be Rs 59,400, bringing the total cost for these fees to Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathidasan Street Extn?

The Sub Registrar Office that covers Bharathidasan Street Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during a property transaction.

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

Frequently asked questions

What is the current guideline value of Bharathidasan Street Extn?

The current guideline value of Bharathidasan Street Extn is Rs 2,970 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 300 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, reflecting an overall increase of 890% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles registrations for Bharathidasan Street Extn?

The Padappai Sub Registrar Office handles registrations for Bharathidasan Street Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai.

What is the land classification for Bharathidasan Street Extn?

The land classification for Bharathidasan Street Extn is Commercial Class I Type - II.