Guideline Value for Bharathidhasan Street

Bharathidhasan Street guideline value

The current guideline value of Bharathidhasan Street in Malaipattu village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bharathidhasan Street has changed

The guideline value for Bharathidhasan Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. However, in the 2017 revision, it decreased to Rs 100 per sq.ft, marking a 33% drop. The 2023 revision brought it back to Rs 150 per sq.ft, and this figure remained unchanged in the 2024 revision, resulting in a 0% change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 150 per sq.ft.

Guideline values in Malaipattu

Malaipattu village features 36 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, indicating that Bharathidhasan Street's 2024 figure is below the median.

• Bhavani Street: Rs 150 per sq.ft (2024)
• Chakravarthy Avenue: Rs 441 per sq.ft (2024)
• Arunthava Nagar: Rs 200 per sq.ft (2024)
• Anna Street: Rs 150 per sq.ft (2024)
• Anna Nagar: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidhasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. 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 Bharathidhasan Street?

The Bharathidhasan Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Malaipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property as determined by the state authorities. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Bharathidhasan Street?

The current guideline value of Bharathidhasan Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in the 2023 and 2024 revisions, while it was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012. The overall change from 2012 to 2024 is 0%.

What is the classification of land on Bharathidhasan Street?

Bharathidhasan Street is classified as Residential Class IV Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for Bharathidhasan Street?

The registration office for Bharathidhasan Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Malaipattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.