Guideline Value for Bharathiyar street (Venkatapuram)

Bharathiyar street (Venkatapuram) guideline value

The current guideline value of Bharathiyar street (Venkatapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathiyar street (Venkatapuram) has changed

The guideline value for Bharathiyar street (Venkatapuram) has seen several revisions over the years. In 2012, the value was Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 set the guideline value at Rs 3,600 per sq.ft, which is a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which matches the current guideline value of Bharathiyar street (Venkatapuram).

• Bharathiyar Cross Street (Thrivalluar Nagar): Rs 1,400 per sq.ft (2024)
• Bharathi street (Ramapuram): Rs 4,000 per sq.ft (2024)
• Bhagavathi Ammal Koil St.: Rs 3,600 per sq.ft (2024)
• Bhagath Singh 1st Street (Thiruvalluvar Nagar): Rs 1,400 per sq.ft (2024)
• Casagrande Athens: Rs 8,209 per sq.ft (2024)
• Bazzar Street: Rs 6,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar street (Venkatapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. 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 (Venkatapuram)?

The Sub Registrar Office that covers Bharathiyar street (Venkatapuram) is 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guidelines ensure that the transaction reflects a fair value based on the location and type of property. Buyers and sellers must consider the guideline value to accurately calculate the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Bharathiyar street (Venkatapuram)?

The current guideline value of Bharathiyar street (Venkatapuram) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, with the most recent revision in 2024 increasing it to Rs 3,600 per sq.ft from Rs 3,300 per sq.ft in 2023, a rise of 9%. The value was Rs 2,211 per sq.ft in 2017, showing an increase of 49% to 2023.

What is the classification of Bharathiyar street (Venkatapuram)?

Bharathiyar street (Venkatapuram) is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Bharathiyar street (Venkatapuram)?

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

How is the stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty at 7% would be Rs 2,52,000.