Guideline Value for Bharathidhasan Main Road

Bharathidhasan Main Road guideline value

The current guideline value of Bharathidhasan Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Thiruneermalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathidhasan Main Road has changed

The guideline value for Bharathidhasan Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 1,474 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value is Rs 2,420 per sq.ft, which is the same as the current guideline value for Bharathidhasan Main Road.

• Bharathidhasan Extn: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidasan Street Extn.: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidhasan Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees to Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidhasan Main Road?

The Bharathidhasan Main Road falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thiruneermalai, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs involved in the registration process. Ensuring that the transaction reflects the guideline value can help avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Bharathidhasan Main Road?

The current guideline value of Bharathidhasan Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,420 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Bharathidhasan Main Road?

Bharathidhasan Main Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find information about other streets in Thiruneermalai?

Information about other streets in Thiruneermalai can be found in the guideline value register, which includes streets such as Bharathidhasan Extn, Bharathidhasan 1st Cross Street, and others, all valued at Rs 2,420 per sq.ft in 2024.

What fees are associated with property transactions on Bharathidhasan Main Road?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800. These fees are based on the guideline value or the sale price, whichever is higher.