Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Zaminpallavaram village, under the Pallavaram SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathiyar Street has changed

Since the 2003 revision, the guideline value for Bharathiyar Street has seen significant changes. In 2003, the value was Rs 486 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 106% rise. The value then surged to Rs 3,200 per sq.ft in 2012, reflecting a substantial 220% increase. However, it decreased to Rs 2,144 per sq.ft in 2017, a decline of 33%. The value rose again in 2023 to Rs 3,200 per sq.ft, and currently stands at Rs 3,520 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Bharathiyar Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 624%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this village is Rs 3,300 per sq.ft, placing Bharathiyar Street's 2024 value above this median.

• Bharathi Street: Rs 4,400 per sq.ft (2024)
• Bharath Nagar: Rs 3,300 per sq.ft (2024)
• Bharthi Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Bharathi Nagar Main Road (Part): Rs 3,520 per sq.ft (2024)
• Bharthi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, click here.

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

When buying or selling property in Zaminpallavaram, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and reflects the minimum value for property transactions in that area.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 486 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 624% over that period.

What is the land classification for Bharathiyar Street?

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

Where is the Sub Registrar Office for Bharathiyar Street located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,16,800.