Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Thirumangalam village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 154%. The register has no figures for this street in the years 2002 and 2003.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. Bharathidasan Street's 2024 figure is below this median.

• Chaithanya Apartments: Rs 13,200 per sq.ft (2024)
• Chandramouleeswarar Temple: Rs 13,200 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,300 per sq.ft (2024)
• CPWD Quarters: Rs 11,500 per sq.ft (2024)
• Asiad Colony (Near J.N.Road): Rs 13,200 per sq.ft (2024)
• Anna Street: Rs 3,300 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important 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 more details.

Which Sub Registrar Office covers Bharathidasan Street?

The Sub Registrar Office that covers Bharathidasan Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumangalam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, thus protecting the interests of both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 154%.

What are the other streets with guideline values in Thirumangalam?

Other streets in Thirumangalam include Chaithanya Apartments and Chandramouleeswarar Temple, both valued at Rs 13,200 per sq.ft in 2024, among others.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Bharathidasan Street?

The AnnaNagar Sub Registrar Office handles registrations for Bharathidasan Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.