Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Mevaloorkuppam village is Rs 300 per sq.ft, effective from the 2024 revision. This street 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 2012 revision, the guideline value for Bharathiyar Street was set at Rs 300 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision marked a significant increase from Rs 201 per sq.ft in 2017, reflecting a change of +49%. The 2024 revision again maintained the guideline value at Rs 300 per sq.ft, resulting in no change from the previous year.

It is important to note that the register has no figures for Bharathiyar Street for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no change.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Bharathiyar Street's 2024 value is below this median.

• Bharathi Avenue: Rs 500 per sq.ft (2024)
• Bramanar Street: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Compact Home Niranjana: Rs 1,075 per sq.ft (2024)
• Compact Homes -Manjari: Rs 900 per sq.ft (2024)
• Cosmocity: Rs 900 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Bharathiyar Street has remained at Rs 300 per sq.ft in 2012, 2023, and 2024, with a significant increase from Rs 201 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bharathiyar Street?

Bharathiyar Street is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles registrations for Bharathiyar Street?

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