Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Perungalathur village is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathidasan Street has changed

Over the years, the guideline value of Bharathidasan Street has seen significant changes. In the 2007 revision, the value was Rs 300 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a rise of 700%. However, from 2012 to 2017, the value decreased to Rs 1,608 per sq.ft, a drop of 33%. The value then rose to Rs 2,400 per sq.ft in the 2023 revision, which was a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 2,640 per sq.ft, reflecting a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for Bharathidasan Street. Overall, from 2007 to 2024, the guideline value has increased by 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Bharathidasan Street's 2024 figure above this median.

• Bharathidasan Street Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)
• Bharathi Avenue Extension: Rs 4,290 per sq.ft (2024)
• Bharathi Avenue: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 3,960 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 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost for these fees to Rs 2,37,600. Please note that the duty is charged on the higher of the guideline value and 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 Bharathidasan Street is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is considered to ensure that the transaction is recorded accurately in the official records.

Additionally, the stamp duty and registration fees are calculated based on this guideline value. Therefore, both buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 2,640 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 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, marking an overall increase of 780%.

What are the other streets with guideline values in Perungalathur?

Other streets in Perungalathur include Bharathidasan Street Extn at Rs 2,970 per sq.ft, Bharathi Nagar at Rs 3,960 per sq.ft, and Bharathi Avenue Extension at Rs 4,290 per sq.ft, among others.

What fees are associated with buying property in Bharathidasan Street?

When buying property in Bharathidasan Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Bharathidasan Street?

The Padappai Sub Registrar Office handles property registration for Bharathidasan Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.