Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Bharathiyar Street has changed

Over the years, the guideline value for Bharathiyar Street has seen significant changes. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was then reduced by 50% to Rs 150 per sq.ft in the 2024 revision.

This change from 2023 to 2024 reflects a notable decrease in the guideline value. The current figure of Rs 150 per sq.ft is now below the median value of Rs 250 per sq.ft for the 97 streets in Nemili_B under the Sriperumpudur SRO.

Guideline values in Nemili_B

In Nemili_B, the guideline values range from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft. Bharathiyar Street's 2024 guideline value is below this median, indicating its position within the local market.

• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 per sq.ft (2024)
• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bangaru Ammal Nagar: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Chellaperumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers make informed decisions during property transactions. It is essential to refer to the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 150 per sq.ft in 2024, marking a decrease of 50%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Nemili_B?

The median guideline value for the 97 streets in Nemili_B is Rs 250 per sq.ft. Bharathiyar Street's current value is below this median.

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

For a 1,000 sq.ft plot at Rs 150 per sq.ft, the total guideline value is Rs 1,50,000. The stamp duty is Rs 10,500, and the registration fee is Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Bharathiyar Street?

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