Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Ullagaram village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Alandur SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has seen several revisions over the years. In 2002, the value was Rs 229 per sq.ft, which increased to Rs 257 per sq.ft in 2003, marking a 12% rise. The subsequent revision in 2007 saw a significant jump to Rs 1,200 per sq.ft, reflecting a 367% increase. In 2012, the value was Rs 2,500 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 1,675 per sq.ft, an increase of 49% from 2012. The most recent revisions include Rs 2,500 per sq.ft in 2023 and the current Rs 2,800 per sq.ft in 2024, showing a 12% increase from the previous year.

There are no figures available for the revisions in years not mentioned. Overall, from 2002 to 2024, the guideline value has increased by 1,123%.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the current guideline value of Bharathidasan Street.

• Bharathi Cross Street: Rs 2,800 per sq.ft (2024)
• Bhaghat Singh Street: Rs 2,800 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Bhavani Colony / Venkatesa Nagar: Rs 2,800 per sq.ft (2024)
• Balammal Nagar Road: Rs 2,800 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total cost for these fees would be Rs 2,52,000. 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?

The Sub Registrar Office that covers Bharathidasan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ullagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 229 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1,123% over the years.

What is the land classification of Bharathidasan Street?

Bharathidasan Street is classified as Residential Class II Type - I, indicating its primary use for residential purposes.

What are the stamp duty and registration fees for a property on Bharathidasan Street?

For a 1,000 sq.ft property, the total guideline value is Rs 28,00,000, resulting in a stamp duty of Rs 1,96,000 and a registration fee of Rs 56,000, totaling Rs 2,52,000.

Where is the Sub Registrar Office for Bharathidasan Street located?

The Sub Registrar Office for Bharathidasan Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.