Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Selaiyur village is Rs 850 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur SRO and is classified as Residential Class V 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 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has set it at Rs 850 per sq.ft, marking a 6% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, the change from 2012 to 2017 was a decrease of 33%. 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 Selaiyur

In Selaiyur, there are a total of 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Bharathiyar Street's 2024 figure is below this median.

• Bharath Nagar: Rs 850 per sq.ft (2024)
• Bharath Nagar (Gangai Amman Koil Street): Rs 1,800 per sq.ft (2024)
• Bharatwajar Street: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar Pallikuda Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Palayathan Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Mada Koil Street: Rs 1,800 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 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, resulting in a total of Rs 76,500. Please note that the 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is an important factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Selaiyur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any disputes during the registration process. The guideline value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Bharathiyar Street?

Bharathiyar Street is classified as Residential Class V Type - I under the Selaiyur SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,50,000, resulting in a stamp duty of Rs 59,500 and a registration fee of Rs 17,000, totaling Rs 76,500.

Which office handles registrations for Bharathiyar Street?

The Selaiyur Sub Registrar Office handles registrations for Bharathiyar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.