Guideline Value for Bharathiyar Street (Vivekananda Nagar)

Bharathiyar Street (Vivekananda Nagar) guideline value

The current guideline value of Bharathiyar Street (Vivekananda Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

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

The guideline value for Bharathiyar Street (Vivekananda Nagar) has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. With the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking a change of +61% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The 2024 value aligns with the median value of Rs 2,700 per sq.ft among the 1,318 streets in Kodungaiyur under the Madhavaram SRO, which range from Rs 1,900 to Rs 4,000 per sq.ft.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for various streets reflect a range of prices, with Bharathiyar Street (Vivekananda Nagar) sitting at the median value of Rs 2,700 per sq.ft. Below are some other streets in Kodungaiyur:

• Bharathiyar Street extension: Rs 2,700 per sq.ft (2024)
• Bharma Colony: Rs 2,700 per sq.ft (2024)
• Bhavaniamman Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Bhavani Street: Rs 2,200 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)
• Binni Main Road: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Bharathiyar Street (Vivekananda Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially documented and the necessary taxes are paid. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

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

The current guideline value of Bharathiyar Street (Vivekananda Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft, which is a change of +61%.

Are there any revisions with no figures for Bharathiyar Street?

Yes, the register has no figures for Bharathiyar Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification of Bharathiyar Street (Vivekananda Nagar)?

Bharathiyar Street (Vivekananda Nagar) is classified as Residential Class I Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.