Guideline Value for Bharathiya Desiya Sangam Street

Bharathiya Desiya Sangam Street guideline value

The current guideline value of Bharathiya Desiya Sangam Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathiya Desiya Sangam Street has changed

The guideline value for Bharathiya Desiya Sangam Street has seen significant changes over the years. In 2003, the guideline value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,072 per sq.ft in 2017, marking a 257% increase. The value further rose to Rs 1,600 per sq.ft in 2023, a 49% increase from the previous revision. The current value of Rs 1,760 per sq.ft represents a 10% increase from 2023.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. Bharathiya Desiya Sangam Street's 2024 figure is below this median.

• Bhakathvachalam Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Bazar Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiya Desiya Sangam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost for these charges Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiya Desiya Sangam Street?

The Bharathiya Desiya Sangam Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathiya Desiya Sangam Street?

The current guideline value of Bharathiya Desiya Sangam Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over the years.

What is the land classification for Bharathiya Desiya Sangam Street?

Bharathiya Desiya Sangam Street is classified as Residential Class II Type - I.

Where can I find the registration office for Bharathiya Desiya Sangam Street?

The registration office for Bharathiya Desiya Sangam Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring that the total cost reflects the property's value.