Guideline Value for Bharathiyar nagar 3rd street

Bharathiyar nagar 3rd street guideline value

The current guideline value of Bharathiyar nagar 3rd street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bharathiyar nagar 3rd street has changed

The guideline value for Bharathiyar nagar 3rd street has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2012 revision, marking a significant increase of 150%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, followed by an increase to Rs 1,100 per sq.ft in the 2024 revision, reflecting a 10% rise.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that have a guideline value for 2024, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the current value of Bharathiyar nagar 3rd street below this median.

• Bharathiyar nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 1st 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 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty is charged at 7%, which totals Rs 77,000, and the registration fee is charged at 2%, amounting to Rs 22,000. Therefore, the total cost for stamp duty and registration fee together is Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharathiyar nagar 3rd street?

The Bharathiyar nagar 3rd street falls under the jurisdiction of 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 in the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value helps ensure that the transaction is recorded accurately and transparently.

When buyers and sellers engage in property transactions, the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions, which is essential for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Bharathiyar nagar 3rd street?

The current guideline value of Bharathiyar nagar 3rd 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 significantly 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 is the land classification for Bharathiyar nagar 3rd street?

The land classification for Bharathiyar nagar 3rd street is Residential Class I Type - II.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Bharathiyar nagar 3rd street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the stamp duty would be Rs 77,000 at 7% of the guideline value.