Guideline Value for Bharathidhasan Street

Bharathidhasan Street guideline value

The current guideline value of Bharathidhasan Street in Molachoor village is Rs 600 per sq.ft, effective from the 2024 revision. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Bharathidhasan Street has changed

The guideline value for Bharathidhasan Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value returned to Rs 600 per sq.ft, and it remained the same in the 2024 revision, showing no change from the previous year.

Looking at the changes between revisions, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has remained at Rs 600 per sq.ft, indicating stability in the valuation during this period.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the guideline value of Bharathidhasan Street.

• Bhanu Nagar: Rs 460 per sq.ft (2024)
• Bharathiyar Street: Rs 600 per sq.ft (2024)
• Benjamin Naidu Street: Rs 800 per sq.ft (2024)
• B.B Innaiyya Naidu Street: Rs 500 per sq.ft (2024)
• Banu Nagar Phase-II: Rs 460 per sq.ft (2024)
• Balas Garden: Rs 600 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Molachoor. It is used to determine the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the government.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidhasan Street?

The current guideline value of Bharathidhasan Street is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in both 2023 and 2024.

What is the land classification for Bharathidhasan Street?

Bharathidhasan Street is classified as Residential Special Type - III according to the registration guidelines.

Where is the Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would have total fees of Rs 54,000.