Guideline Value for Bharathiyar Street (Ganthi Nagar)

Bharathiyar Street (Ganthi Nagar) guideline value

The current guideline value of Bharathiyar Street (Ganthi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathiyar Street (Ganthi Nagar) has changed

The guideline value for Bharathiyar Street (Ganthi Nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,700 per sq.ft in 2012. However, this figure dropped to Rs 1,139 per sq.ft in 2017. Following this, the value saw a substantial rise to Rs 1,700 per sq.ft in 2023, and most recently, it has increased to Rs 1,800 per sq.ft in 2024, marking a 6% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 350%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Bharathiyar Street (Ganthi Nagar) is below this median.

• Bharathiyar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Bharath Rathna Rajiv Gandhi Nagar: Rs 2,400 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,600 per sq.ft (2024)
• Bharathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Bharathi Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Gandhi Nagar): Rs 1,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street (Ganthi Nagar)?

The Sub Registrar Office that covers Bharathiyar Street (Ganthi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable duties and fees. This ensures that property transactions are conducted transparently and fairly, reflecting the established values in the area.

Frequently asked questions

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

The current guideline value of Bharathiyar Street (Ganthi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What are the guideline values of other streets in Oragadam?

Other streets in Oragadam have varying guideline values, with Bharathiyar Street (Vinayagapuram) and Bharath Rathna Rajiv Gandhi Nagar both at Rs 2,400 per sq.ft, while Bhavaniamman Koil Street and Bharathi Street (Venkateswara Nagar) are at Rs 1,600 per sq.ft.

What fees are associated with property registration on Bharathiyar Street (Ganthi Nagar)?

For a property valued at Rs 18,00,000, the total stamp duty is Rs 1,26,000 and the registration fee is Rs 36,000, totaling Rs 1,62,000.

Where is the Sub Registrar Office for Bharathiyar Street (Ganthi Nagar)?

The Sub Registrar Office for Bharathiyar Street (Ganthi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.