Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Irunkattukottai_B village is Rs 400 per sq.ft, effective from July 1, 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Bharathiyar Street has changed

In the 2017 revision, the guideline value for Bharathiyar Street was Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023 and again from 2017 to 2024. The revisions from 2002, 2003, 2007, and 2012 do not have any recorded figures for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining the rate at Rs 400 per sq.ft. Overall, the guideline value has increased by 49% from the 2017 revision to the 2024 revision.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which aligns with the current value of Bharathiyar Street.

• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Colony Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 800 per sq.ft (2024)
• Anna Street: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total charges Rs 36,000. It is important to note that stamp duty is charged on the higher of the guideline value or 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering a property in Irunkattukottai_B. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the taxes owed. This ensures that both parties are aware of the financial obligations associated with the sale, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase over this period.

Are there other streets with the same guideline value in Irunkattukottai_B?

Yes, other streets such as Bakthavathsalam Street also have a guideline value of Rs 400 per sq.ft in 2024, aligning with the median value for the village.

What are the registration fees for properties on Bharathiyar Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathiyar Street?

The Sub Registrar Office for Bharathiyar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.