Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Puzhal village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II 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 2002, the value was Rs 1,264 per sq.ft, which then decreased to Rs 128 per sq.ft in 2003. The value saw an increase to Rs 300 per sq.ft in 2007, followed by a significant rise to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017, before increasing to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Between the revisions, the changes were notable. From 2017 to 2023, there was an increase of 87%, while from 2012 to 2017, the value decreased by 33%. The jump from 2007 to 2012 was 167%, and from 2003 to 2007, it increased by 134%. However, there was a significant drop of 90% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has decreased by 13%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Bharathiyar Street's 2024 figure slightly below that median.

• Bharathi Street: Rs 1,100 per sq.ft (2024)
• Bhuvaneshwari Nagar: Rs 1,100 per sq.ft (2024)
• Bharathidasan Street: Rs 1,100 per sq.ft (2024)
• Chandaaprabhu Vegetarian Village Part - 1: Rs 1,100 per sq.ft (2024)
• Chanthaa Prabhu Jain Vegetarian Village: Rs 1,100 per sq.ft (2024)
• Chidhambaram Nagar: Rs 1,102 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, and the registration fee at 2% would be Rs 22,000, making the total charges 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puzhal. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. This value is essential for both buyers and sellers to understand the financial implications of property transactions in the area.

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 several times, with the most recent revision in 2024 setting it at Rs 1,100 per sq.ft, up from Rs 1,000 per sq.ft in 2023.

What is the land classification for Bharathiyar Street?

Bharathiyar Street is classified as Residential Class II Type - I according to the guidelines.

What are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal with the same guideline value of Rs 1,100 per sq.ft include Bharathi Street, Bhuvaneshwari Nagar, Bharathidasan Street, Chandaaprabhu Vegetarian Village Part - 1, and Chanthaa Prabhu Jain Vegetarian Village.

Where can I find the Sub Registrar Office for Bharathiyar Street?

The Sub Registrar Office covering Bharathiyar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.