Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision has also set the value at Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change, with the value remaining at Rs 1,500 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for Bharathiyar Street in the register.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Bharathiyar Street's 2024 guideline value aligns with this median.

• Bharathidasan Street (Ward 14, 16): Rs 1,500 per sq.ft (2024)
• Balarama Naidu Street: Rs 2,001 per sq.ft (2024)
• Balaji Street: Rs 2,001 per sq.ft (2024)
• Chakarabani Street: Rs 2,001 per sq.ft (2024)
• Chellappa Colony: Rs 2,001 per sq.ft (2024)
• Bajanai kovil Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Gooduvancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the legal value of the property for registration purposes. Buyers and sellers must consider this value to understand the costs associated with the transaction, including the necessary fees.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, going from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft in 2024. The value remained unchanged from 2023 to 2024.

What is the land classification for Bharathiyar Street?

Bharathiyar Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiyar Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.