Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. The previous revision in 2017 recorded a guideline value of Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value was not established during those years.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Bharathiyar Street's 2024 figure below that median.

• Bharathi Avenue: Rs 500 per sq.ft (2024)
• Bramanar Street: Rs 300 per sq.ft (2024)
• Bangalore Main Road: Rs 1,320 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,100 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,320 per sq.ft (2024)
• Compact Homes -Manjari: Rs 1,320 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 amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office covering 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 B

The guideline value serves as a reference point for property transactions in Mevaloorkuppam B. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately with the local authorities.

During the registration process, the guideline value helps establish the official value of the property, which is crucial for legal and financial purposes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions, with a previous value of Rs 201 per sq.ft in 2017, reflecting a 49% increase over that period.

What is the land classification of Bharathiyar Street?

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

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

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.