Guideline Value for Bharathiyar Street (Brahmin Street)

Bharathiyar Street (Brahmin Street) guideline value

The current guideline value of Bharathiyar Street (Brahmin Street) is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Bharathiyar Street (Brahmin Street) has changed

The guideline value for Bharathiyar Street (Brahmin Street) has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 3,500 per sq.ft. In 2017, it decreased to Rs 2,345 per sq.ft, marking a decline of 33%. However, the value increased significantly to Rs 3,500 per sq.ft in the 2023 revision, and then further rose to Rs 3,850 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, placing Bharathiyar Street (Brahmin Street) above this median.

• Bharathidasan Cross Street: Rs 2,530 per sq.ft (2024)
• Bavani Street: Rs 2,200 per sq.ft (2024)
• Barathidasan Street: Rs 2,530 per sq.ft (2024)
• Balaraman Street: Rs 2,530 per sq.ft (2024)
• Balaji Nagar Narmadha Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (Brahmin Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street (Brahmin Street)?

The Sub Registrar Office that covers Bharathiyar Street (Brahmin Street) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in property transactions, as it determines the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements and to calculate the associated costs accurately.

When registering a property, the guideline value serves as a benchmark to assess the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (Brahmin Street)?

The current guideline value of Bharathiyar Street (Brahmin Street) is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then back to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification for Bharathiyar Street (Brahmin Street)?

The land classification for Bharathiyar Street (Brahmin Street) is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in Bharathiyar Street (Brahmin Street)?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office covers Bharathiyar Street (Brahmin Street)?

The Tambaram Joint 1 Sub Registrar Office covers Bharathiyar Street (Brahmin Street), located at No.26, Mes Road, East Tambaram, Chennai-600059.