Guideline Value for Bharathiyar Street (Agaragaram)

Bharathiyar Street (Agaragaram) guideline value

The current guideline value of Bharathiyar Street (Agaragaram) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

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

In the 2017 revision, the guideline value was set at Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase by 10% to Rs 1,980 per sq.ft.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Bharathiyar Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Bharathiyar Street's 2024 figure below that median.

• Bharathiyar Cross Street: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 2,200 per sq.ft (2024)
• Bharathi Cross Street: Rs 1,980 per sq.ft (2024)
• Bharaniputhur Road: Rs 2,200 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 per sq.ft (2024)
• Bst's Sarada City: Rs 2,860 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street (Agaragaram)?

The Sub Registrar Office that covers Bharathiyar Street (Agaragaram) 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 details.

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

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

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

Frequently asked questions

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

The current guideline value of Bharathiyar Street (Agaragaram) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, representing a 64% increase over this period.

What are the registration fees for property in Bharathiyar Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Bharathiyar Street?

The Pammal Sub Registrar Office handles registrations for Bharathiyar Street (Agaragaram), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Bharathiyar Street?

Bharathiyar Street (Agaragaram) is classified as Residential Class II Type - II according to the local land classification guidelines.