Guideline Value for Bharathidasan Street

Bharathidasan Street guideline value

The current guideline value of Bharathidasan Street in Orakadu & Kiruthalapuram village is Rs 385 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathidasan Street has changed

The guideline value for Bharathidasan Street has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 350 per sq.ft in 2012. Following that, there was a decrease to Rs 234 per sq.ft in 2017. However, the value saw a significant rise to Rs 350 per sq.ft in 2023 and then to Rs 385 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 28%. It is important to note that the register has no figure for Bharathidasan Street for the years 2002 and 2003.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft. The median value is Rs 385 per sq.ft, which is equal to the guideline value of Bharathidasan Street.

• Bharathi Nagar: Rs 385 per sq.ft (2024)
• Bharathiar Street: Rs 385 per sq.ft (2024)
• Divine City: Rs 900 per sq.ft (2024)
• Anna Street: Rs 385 per sq.ft (2024)
• Ambedkar Street: Rs 275 per sq.ft (2024)
• Allimedu Vilaiyattu Maidha Salai: Rs 385 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 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value is a critical factor during the registration of property transactions in Orakadu & Kiruthalapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall costs associated with the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathidasan Street?

The current guideline value of Bharathidasan Street is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 385 per sq.ft in 2024, with various revisions in between, including a decrease in 2017.

What is the median guideline value in Orakadu & Kiruthalapuram?

The median guideline value in Orakadu & Kiruthalapuram is Rs 385 per sq.ft, which is the same as the current value for Bharathidasan Street.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 26,950 and the registration fee is Rs 7,700, totaling Rs 34,650 based on the current guideline value.

Where is the Sub Registrar Office for Bharathidasan Street?

The Sub Registrar Office for Bharathidasan Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.