Guideline Value for Bharathiyar nagar 2ndstreet

Bharathiyar nagar 2ndstreet guideline value

The current guideline value for Bharathiyar nagar 2ndstreet is Rs 1,100 per sq.ft, effective from July 1, 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharathiyar nagar 2ndstreet has changed

The guideline value for Bharathiyar nagar 2ndstreet has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, reflecting a 10% change.

Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Bharathiyar nagar 2ndstreet's 2024 figure below that median.

• Bharathiyar nagar 1st 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 2ndstreet

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 fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathiyar nagar 2ndstreet?

The Bharathiyar nagar 2ndstreet falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Ayappakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathiyar nagar 2ndstreet?

The current guideline value of Bharathiyar nagar 2ndstreet is Rs 1,100 per sq.ft, effective from July 1, 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, showing an overall increase of 175% over the years.

What are the stamp duty and registration fees for a property in Bharathiyar nagar 2ndstreet?

For a 1,000 sq.ft property, the total guideline value is Rs 11,00,000, with stamp duty at 7% amounting to Rs 77,000 and registration fees at 2% totaling Rs 22,000, making the total fees Rs 99,000.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Bharathiyar nagar 2ndstreet, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Bharathiyar nagar 2ndstreet?

Bharathiyar nagar 2ndstreet is classified as Residential Class I Type - II, indicating its suitability for residential development.