Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Agaramthen village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Bharathidasan Street has changed

Over the years, the guideline value of Bharathidasan Street has seen several revisions. The earliest registered figure is from 2012, where the value was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has risen by 10%.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median value is Rs 830 per sq.ft, placing Bharathidasan Street's 2024 figure below this median.

• Bharathi Street: Rs 550 per sq.ft (2024)
• Bharat Nagar: Rs 550 per sq.ft (2024)
• Brahmasakthi Nagar: Rs 550 per sq.ft (2024)
• Brahmasakthi Nagar Phase - II: Rs 550 per sq.ft (2024)
• Brahma Sakthi Nagar Phase III: Rs 550 per sq.ft (2024)
• Avvaiyar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would amount to Rs 11,000, making the total fees together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Street?

The Sub Registrar Office that covers Bharathidasan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Agaramthen

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to calculate the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the classification of Bharathidasan Street?

Bharathidasan Street is classified as Residential Class I Type - III under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur fees totaling Rs 49,500 based on the current guideline value.

Which office handles the registration for Bharathidasan Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Bharathidasan Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.