Guideline Value for Bharathiyar Street, Nagelkeni

Bharathiyar Street, Nagelkeni guideline value

The current guideline value of Bharathiyar Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Bharathiyar Street, Nagelkeni has changed

The guideline value for Bharathiyar Street, Nagelkeni has undergone several revisions over the years. The oldest available revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, meaning Bharathiyar Street, Nagelkeni's 2024 figure is below that median.

• Bharathiyar Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street, V.O.C Nagar: Rs 2,750 per sq.ft (2024)
• Bharath Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar /MGR Salai: Rs 1,980 per sq.ft (2024)
• Bhoopathi Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street, Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street, Nagelkeni?

The Sub Registrar Office that covers Bharathiyar Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO online.

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

The guideline value plays a crucial role during the registration of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of Bharathiyar Street, Nagelkeni?

The current guideline value of Bharathiyar Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the land classification of Bharathiyar Street, Nagelkeni?

Bharathiyar Street, Nagelkeni is classified as Residential Class II Type - II.

How does the guideline value compare to other streets in Pammal?

The guideline value of Bharathiyar Street, Nagelkeni at Rs 1,980 per sq.ft is below the median value of Rs 2,090 per sq.ft for the 926 streets in Pammal under the Pammal SRO.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.