Guideline Value for Bharatwajar Street

Bharatwajar Street guideline value

The current guideline value of Bharatwajar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village under the Selaiyur SRO, classified as Residential Special Type - V.

How the guideline value of Bharatwajar Street has changed

The guideline value for Bharatwajar Street has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 2,010 per sq.ft in 2017, representing a 33% decline. The value then rose again to Rs 3,000 per sq.ft in 2023, followed by the current figure of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

The register has no figures for Bharatwajar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Bharatwajar Street's 2024 figure above this median.

• Bharath Nagar (Gangai Amman Koil Street): Rs 1,800 per sq.ft (2024)
• Bharath Nagar: Rs 850 per sq.ft (2024)
• Bharathiyar Street: Rs 850 per sq.ft (2024)
• Bhavani Nagar: Rs 2,400 per sq.ft (2024)
• Bharathi Nagar Pallikuda Street: Rs 1,800 per sq.ft (2024)
• Bharathi Nagar Palayathan Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharatwajar Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 33,00,000. The stamp duty at 7% amounts to Rs 2,31,000, and the registration fee at 2% is Rs 66,000, bringing the total fees to Rs 2,97,000. 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 Bharatwajar Street?

The Sub Registrar Office that covers Bharatwajar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical figure used during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When buyers or sellers engage in a transaction, the guideline value ensures that the government receives the appropriate revenue from property sales. This value is particularly important as it helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Bharatwajar Street?

The current guideline value of Bharatwajar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450%.

What is the land classification of Bharatwajar Street?

Bharatwajar Street is classified as Residential Special Type - V under the Selaiyur SRO.

Where is the Sub Registrar Office for Bharatwajar Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Bharatwajar Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000.