Guideline Value for Bharathipuram Main Road

Bharathipuram Main Road guideline value

The current guideline value of Bharathipuram Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Periakudal village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathipuram Main Road has changed

The guideline value for Bharathipuram Main Road has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% change.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Periakudal

In Periakudal village, there are 101 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 23,553 per sq.ft, with a median value of Rs 11,500 per sq.ft. Bharathipuram Main Road's 2024 figure is below this median.

• BeriBeri Nagar: Rs 11,000 per sq.ft (2024)
• Brevery Road: Rs 11,000 per sq.ft (2024)
• B- Block, 2nd Avenue, 96 to 107, 107A: Rs 15,900 per sq.ft (2024)
• B block 12 th street: Rs 11,500 per sq.ft (2024)
• B-Blcok 6th Street: Rs 11,500 per sq.ft (2024)
• B-Blcok 11th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathipuram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers Bharathipuram Main Road?

The Sub Registrar Office that covers Bharathipuram Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Periakudal. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

During the registration process, the guideline value is used to calculate the applicable fees based on the property's size and location. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathipuram Main Road?

The current guideline value of Bharathipuram Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What are the other streets in Periakudal with their guideline values?

Other streets in Periakudal include BeriBeri Nagar and Brevery Road, both at Rs 11,000 per sq.ft, and B- Block, 2nd Avenue, which is at Rs 15,900 per sq.ft in 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the relevant link provided for locating your SRO, which will guide you to the nearest registration office.