Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street is Rs 1,500 per sq.ft. This street is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Bharathidasan Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where the value decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, the guideline value rebounded in the 2023 revision, increasing to Rs 1,500 per sq.ft, representing a significant rise of 49% from the 2017 figure.

Overall, from the 2012 to the 2023 revision, the guideline value has remained the same at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Bharathidasan Street's guideline value is Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Bharathidasan Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to 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 essential to note that the 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 further calculations.

Which Sub Registrar Office covers Bharathidasan Street?

The Sub Registrar Office covering Bharathidasan Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a buyer or seller approaches the registration office, the guideline value is assessed to determine the applicable fees. The charges are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Bharathidasan Street was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty for property in Bharathidasan Street?

The stamp duty for property in Bharathidasan Street is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed under the Gooduvancheri SRO. Bharathidasan Street is the only street mentioned with a guideline value.