Guideline Value for Bharathiyar 1st Street

Bharathiyar 1st Street guideline value

The current guideline value of Bharathiyar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathiyar 1st Street has changed

The guideline value for Bharathiyar 1st Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,005 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 1,500 per sq.ft, marking a 49% increase from 2017. The most recent revision in 2024 saw another increase of 10%, bringing the guideline value to Rs 1,650 per sq.ft.

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

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing the 2024 value of Bharathiyar 1st Street above this median.

• Bharathiyar 2nd Street: Rs 1,650 per sq.ft (2024)
• Bharathithasan Street: Rs 1,320 per sq.ft (2024)
• Bharathi Street Sanmuga Nagar: Rs 1,320 per sq.ft (2024)
• Bharathiyar Street: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar Namazhvar Street: Rs 1,320 per sq.ft (2024)
• Bharathi Nagar M.G.R Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathiyar 1st Street?

The Sub Registrar Office that covers Bharathiyar 1st Street is 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 information.

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

The guideline value is a crucial factor when buying or selling property in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar 1st Street?

The current guideline value of Bharathiyar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and now to Rs 1,650 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the median guideline value in Pozhichalur?

The median guideline value for streets in Pozhichalur is Rs 1,320 per sq.ft, with Bharathiyar 1st Street's value of Rs 1,650 per sq.ft being above this median.

What are the stamp duty and registration fees for properties in Bharathiyar 1st Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Bharathiyar 1st Street located?

The Sub Registrar Office for Bharathiyar 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.