Guideline Value for Bharathiyar Street (ward 3)

Bharathiyar Street (ward 3) guideline value

The current guideline value of Bharathiyar Street (ward 3) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kolapakkam village and falls under the Pammal Sub Registrar Office. The land classification is Residential Class I Type - I.

How the guideline value of Bharathiyar Street (ward 3) has changed

The guideline value for Bharathiyar Street (ward 3) has seen significant changes over the years. The register shows that in 2017, the value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Bharathiyar Street's 2024 figure above this median.

• Bharathi Nagar: Rs 2,750 per sq.ft (2024)
• B.T. Nagar (ward 4): Rs 2,750 per sq.ft (2024)
• B.T. Nagar (ward 5): Rs 2,750 per sq.ft (2024)
• Balaji Nagar: Rs 1,650 per sq.ft (2024)
• Bajanai Koil Street (ward 8): Rs 1,980 per sq.ft (2024)
• Bajanai Koil Street (ward 7): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street (ward 3)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Bharathiyar Street (ward 3)?

The Sub Registrar Office that covers Bharathiyar Street (ward 3) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Bharathiyar Street (ward 3)?

The current guideline value of Bharathiyar Street (ward 3) is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What is the median guideline value in Kolapakkam?

The median guideline value in Kolapakkam is Rs 2,200 per sq.ft, with Bharathiyar Street's current value being above this median.

What are the stamp duty and registration fees for a property in Bharathiyar Street (ward 3)?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Bharathiyar Street (ward 3)?

The Pammal Sub Registrar Office handles registrations for Bharathiyar Street (ward 3), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.