Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,000 per sq.ft. This figure decreased to Rs 670 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, followed by a further rise to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available in the register for the years 2002, 2003, and 2007 for Bharathiyar Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Bharathiyar Street's 2024 guideline value is below this median.

• Bhavani Amman Koil Street: Rs 1,200 per sq.ft (2024)
• Bharathidasan Nagar(9th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(8th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(7th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(6th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(5th Street): Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, making the total cost together Rs 99,000. 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 to estimate your costs.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Soorapattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the property transfer. This ensures that all transactions are transparent and adhere to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathiyar Street?

The current guideline value of Bharathiyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Bharathiyar Street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, making the total Rs 99,000.

Which Sub Registrar Office covers Bharathiyar Street?

The Ambattur Sub Registrar Office covers Bharathiyar Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Bharathiyar Street?

Bharathiyar Street is classified as Residential Class III Type - I.