Guideline Value for Bharathiyar Street(Arumuga Nagar)

Bharathiyar Street(Arumuga Nagar) guideline value

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

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

The guideline value for Bharathiyar Street(Arumuga Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,600 per sq.ft in 2023, and then rose again to Rs 1,700 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 6%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO, with guideline values ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Bharathiyar Street(Arumuga Nagar) above this median with its current guideline value of Rs 1,700 per sq.ft.

• Bharath Nagar: Rs 1,001 per sq.ft (2024)
• Bharath Nagar Ext.: Rs 1,001 per sq.ft (2024)
• Bharathi Street: Rs 1,700 per sq.ft (2024)
• Chandiran Mesthiri Street: Rs 1,000 per sq.ft (2024)
• Banu Street: Rs 1,700 per sq.ft (2024)
• Bala Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value is Rs 17,00,000. The stamp duty at 7% amounts to Rs 1,19,000, and the registration fee at 2% is Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Bharathiyar Street(Arumuga Nagar) 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Menambedu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is considered to ensure that the sale price is in line with the registered values. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Bharathiyar Street(Arumuga Nagar)?

Bharathiyar Street(Arumuga Nagar) is classified as Residential Special Type - I under the Ambattur SRO.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%.