Guideline Value for Bharathiyar Street Extension

Bharathiyar Street Extension guideline value

The current guideline value of Bharathiyar Street Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathiyar Street Extension has changed

The guideline value for Bharathiyar Street Extension has undergone several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 2,010 per sq.ft. The value then rose to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,300 per sq.ft.

Overall, the guideline value has increased by 164% from 2007 to 2024. The change from 2023 to 2024 was an increase of 10%, while the jump from 2017 to 2023 was a notable 49%. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Bharathiyar Street Extension is below this median.

• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar First Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar2nd Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Lane: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Lane: Rs 3,300 per sq.ft (2024)
• Brundavan Nagar: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street Extension?

The Sub Registrar Office that covers Bharathiyar Street Extension is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Palavanthangal. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Bharathiyar Street Extension?

The current guideline value of Bharathiyar Street Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Palavanthangal?

The median guideline value in Palavanthangal is Rs 3,900 per sq.ft, while Bharathiyar Street Extension's value is below this median.

What are the stamp duty and registration fees for properties in Bharathiyar Street Extension?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total fees would amount to Rs 2,97,000.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.