Guideline Value for Bharathiyar Street

Bharathiyar Street guideline value

The current guideline value of Bharathiyar Street in Sembiam village, under the Sembiam SRO, is Rs 2,700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Bharathiyar Street has changed

The guideline value of Bharathiyar Street has seen several revisions over the years. Starting with the 2002 revision, the value was Rs 319 per sq.ft. It increased to Rs 346 per sq.ft in 2003, marking an 8% rise. The value then saw a significant jump of 102% to Rs 700 per sq.ft in 2007. In 2012, the figure was Rs 2,500 per sq.ft, reflecting a 257% increase from the previous revision. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 1,675 per sq.ft. The 2023 revision set the value at Rs 2,500 per sq.ft, which represented a 49% increase from 2017. The latest revision in 2024 raised the value to Rs 2,700 per sq.ft, an 8% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Bharathiyar Street.

• Bharathiyar Street (Kennady Square): Rs 2,700 per sq.ft (2024)
• Battachariyar Street: Rs 2,700 per sq.ft (2024)
• Cheran Street: Rs 2,700 per sq.ft (2024)
• Balamurugan Street: Rs 2,700 per sq.ft (2024)
• Chidambaranar Street: Rs 2,700 per sq.ft (2024)
• Chinna Kulanthai 1st Cross Street: Rs 2,700 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 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, leading to a total of Rs 2,43,000. 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 for more details.

Which Sub Registrar Office covers Bharathiyar Street?

The Sub Registrar Office covering Bharathiyar Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sembiam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the legal process adheres to the established values set 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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 319 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 746% over the years.

What is the median guideline value in Sembiam?

The median guideline value in Sembiam is Rs 2,700 per sq.ft, which is the same as the current value for Bharathiyar Street.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Bharathiyar Street located?

The Sub Registrar Office for Bharathiyar Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.