Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Jampuli village is Rs 1,700 per sq.ft, effective from 1 July 2024. This street falls under the Madhavaram Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Bharathidasan Street has changed

In the 2012 revision, the guideline value was Rs 1,600 per sq.ft. This figure decreased significantly to Rs 1,072 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased sharply by 49% to reach Rs 1,600 per sq.ft. The most recent revision in 2024 saw another increase, bringing the value to Rs 1,700 per sq.ft, which is a 6% rise from the previous year.

The register has no figures for Bharathidasan Street in the years 2002, 2003, and 2007. Over the overall period from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Jampuli

In Jampuli, there are 118 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft, with a median value of Rs 2,450 per sq.ft. Bharathidasan Street's 2024 figure is below this median.

• Bharathidasan Street (Near Kodungaiyur School): Rs 1,700 per sq.ft (2024)
• Bharathi Nagar: Rs 1,700 per sq.ft (2024)
• Bharathi Street: Rs 1,700 per sq.ft (2024)
• Bharathiyar Salai: Rs 1,700 per sq.ft (2024)
• Burma Colony Road: Rs 1,700 per sq.ft (2024)
• Chinna Pappammal Street: Rs 2,200 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 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathidasan Street?

The Madhavaram Sub Registrar Office covers Bharathidasan Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jampuli. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, 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 correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then back to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Bharathidasan Street?

Bharathidasan Street is classified as Residential Class IV Type - I under the Madhavaram SRO.

What are the stamp duty rates for properties in Bharathidasan Street?

The stamp duty for properties in Bharathidasan Street is charged at 7% of the higher of the guideline value or the sale price.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.