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 Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathiyar Street has changed

The guideline value for Bharathiyar Street has seen several revisions over the years. In 2007, the value was Rs 320 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it then decreased by 33% to Rs 670 per sq.ft in 2017. The next revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 1,000 per sq.ft. The latest revision in 2024 has further increased it to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for Bharathiyar Street in the 2002 and 2003 revisions.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, which is equal to the current value of Bharathiyar Street.

• Bypass Road: Rs 3,300 per sq.ft (2024)
• Began Street: Rs 1,100 per sq.ft (2024)
• Bazar Street: Rs 3,300 per sq.ft (2024)
• Barathidasan Street: Rs 1,100 per sq.ft (2024)
• Chekkadi Street: Rs 2,200 per sq.ft (2024)
• Bala Vinayagar Street: Rs 1,650 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, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office that covers Bharathiyar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Thiruvallur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable taxes and fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring 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 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 320 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 244% over the years.

What is the classification of land on Bharathiyar Street?

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

What are the stamp duty rates for properties in Thiruvallur?

The stamp duty for properties in Thiruvallur is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathiyar Street located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.