Guideline Value for Bharathidasanar Street

Bharathidasanar Street guideline value

The current guideline value of Bharathidasanar Street in Naravarikuppam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharathidasanar Street has changed

The guideline value for Bharathidasanar Street has seen several revisions over the years. In 2002, the guideline value was Rs 3,471 per sq.ft, which decreased to Rs 353 per sq.ft in 2003, marking a significant drop of 90%. Following this, the value increased to Rs 400 per sq.ft in 2007, and then rose dramatically to Rs 1,500 per sq.ft in 2012, reflecting a 275% increase. However, it then fell to Rs 1,005 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the value increased to Rs 1,500 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, representing a 10% increase from the previous year. The register has no figures for the years not mentioned in this summary.

Guideline values in Naravarikuppam

In Naravarikuppam, there are 112 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with the median value being Rs 1,650 per sq.ft. Bharathidasanar Street's 2024 figure aligns with this median.

• By-Pass Road: Rs 3,300 per sq.ft (2024)
• Cheran Street: Rs 1,320 per sq.ft (2024)
• Bajanai Kovil Street: Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street Lane: Rs 2,200 per sq.ft (2024)
• Chothupakkam Road: Rs 3,300 per sq.ft (2024)
• Chothupakkam Salai: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 further calculations.

Which Sub Registrar Office covers Bharathidasanar Street?

The Sub Registrar Office that covers Bharathidasanar 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Naravarikuppam. It serves as a benchmark for determining the minimum value at which properties can be sold or bought, ensuring transparency in real estate transactions.

When a property is registered, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers must be aware of the current guideline value to accurately assess the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathidasanar Street?

The current guideline value of Bharathidasanar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024.

What is the classification of Bharathidasanar Street?

Bharathidasanar Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Bharathidasanar Street?

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

How is the stamp duty calculated for properties in Bharathidasanar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,15,500.