Guideline Value for Bharathiyar Street (Thendral Nager)

Bharathiyar Street (Thendral Nager) guideline value

The current guideline value of Bharathiyar Street (Thendral Nager) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharathiyar Street (Thendral Nager) has changed

The guideline value for Bharathiyar Street (Thendral Nager) has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which dramatically increased to Rs 2,200 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 raised the value to Rs 2,400 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1100%. It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, and 2017.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Bharathiyar Street (Thendral Nager).

• Bharathiyar Street(Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Bharathiyar Street(sri Nagar colony): Rs 2,700 per sq.ft (2024)
• Bharathiyar Street(Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bhavani Amman Street: Rs 1,100 per sq.ft (2024)
• Bharathi Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Street (Thendral Nager)?

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

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When you register a property, the guideline value will be used to calculate the applicable fees. It is important to be aware of the current guideline value to ensure that you are prepared for the costs associated with the transaction.

Frequently asked questions

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

The current guideline value of Bharathiyar Street (Thendral Nager) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1100% over this period.

What is the land classification for Bharathiyar Street (Thendral Nager)?

The land classification for Bharathiyar Street (Thendral Nager) is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Bharathiyar Street (Thendral Nager)?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles property registrations in Thirumullaivoyal?

The Ambattur Sub Registrar Office handles property registrations for Bharathiyar Street (Thendral Nager) and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.