Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Selvazhimagalam village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Bharathiyar Street has changed

Looking at the revisions, the guideline value for Bharathiyar Street was Rs 200 per sq.ft in both the 2023 and 2024 revisions. There was no change from 2023 to 2024, reflecting a stable valuation over this period.

Prior to that, the 2017 revision set the value at Rs 134 per sq.ft, indicating a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a guideline value of Rs 200 per sq.ft, but this was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value remained unchanged at Rs 200 per sq.ft.

Guideline values in Selvazhimagalam

In Selvazhimagalam, there are 11 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value for Bharathiyar Street.

• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Chennai Bangalore Main Road: Rs 500 per sq.ft (2024)
• Amman Kovil Street: Rs 200 per sq.ft (2024)
• Jambodai Kurukku Street: Rs 300 per sq.ft (2024)
• Jambodai Street: Rs 300 per sq.ft (2024)
• Kodi Street: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Selvazhimagalam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it ensures compliance with legal requirements and helps in the smooth processing of property transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft in the 2023 and 2024 revisions, while it was Rs 134 per sq.ft in 2017. The value was Rs 200 per sq.ft in 2012, showing a significant increase from 2017 to 2023.

What are the other streets in Selvazhimagalam with similar guideline values?

Other streets in Selvazhimagalam with a guideline value of Rs 200 per sq.ft include Bajanai Kovil Street, Amman Kovil Street, and Kodi Street. There are also streets with higher and lower values within the same village.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which registration office covers Bharathiyar Street?

The Sunguvarchattram Sub Registrar Office covers Bharathiyar Street. It is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.