Guideline Value for Bharathiyar 2nd Street

Bharathiyar 2nd Street guideline value

The current guideline value of Bharathiyar 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathiyar 2nd Street has changed

The guideline value for Bharathiyar 2nd Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 1,005 per sq.ft. This increased to Rs 1,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. 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 with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, making the 2024 guideline value of Bharathiyar 2nd Street above this median.

• Bharathiyar 1st Street: Rs 1,650 per sq.ft (2024)
• Bharathithasan Street: Rs 1,320 per sq.ft (2024)
• Bharathiyar Street: Rs 1,650 per sq.ft (2024)
• Bharathi Street Sanmuga Nagar: Rs 1,320 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 2nd 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 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 details.

Which Sub Registrar Office covers Bharathiyar 2nd Street?

The Sub Registrar Office that covers Bharathiyar 2nd 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 here.

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

The guideline value is a critical factor in property transactions in Pozhichalur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When you buy or sell property, the guideline value helps establish the stamp duty and registration fees applicable to the transaction.

Additionally, the guideline value ensures transparency in property transactions, as it provides a standardized value that both buyers and sellers can refer to during negotiations and registrations. This helps in preventing discrepancies and ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathiyar 2nd Street?

The current guideline value of Bharathiyar 2nd 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 increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification for Bharathiyar 2nd Street?

Bharathiyar 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

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

How is stamp duty calculated for properties in Bharathiyar 2nd Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500.