Guideline Value for Bharathiyar nagar 1st street

Bharathiyar nagar 1st street guideline value

The current guideline value for Bharathiyar nagar 1st street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Bharathiyar nagar 1st street has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 400 per sq.ft. It increased to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017. The guideline value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Ayappakkam

Ayappakkam has 221 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Bharathiyar nagar 1st street below this median.

• Bharathiyar nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 3rd street: Rs 1,100 per sq.ft (2024)
• Bharathi street: Rs 1,100 per sq.ft (2024)
• Bhavani nagar Prathana Salai (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Britania Nagar: Rs 880 per sq.ft (2024)
• Captone City: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar nagar 1st 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 be 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 higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathiyar nagar 1st street?

The Sub Registrar Office that covers Bharathiyar nagar 1st 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, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the official value of the property as determined by the government. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Bharathiyar nagar 1st street?

The current guideline value of Bharathiyar nagar 1st 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 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

What are the guideline values of other streets in Ayappakkam?

Other streets in Ayappakkam have varying guideline values, ranging from Rs 550 to Rs 4,000 per sq.ft, with Bharathiyar nagar 1st street being below the median value of Rs 1,300 per sq.ft.

What is the stamp duty for property in Bharathiyar nagar 1st street?

The stamp duty for property in Bharathiyar nagar 1st street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 77,000.

Where is the Sub Registrar Office for Bharathiyar nagar 1st street located?

The Sub Registrar Office for Bharathiyar nagar 1st street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.