Guideline Value for Bharthipuram 4th Street

Bharthipuram 4th Street guideline value

The current guideline value of Bharthipuram 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village, under the Pallavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Bharthipuram 4th Street has changed

The guideline value of Bharthipuram 4th Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped by 33% to Rs 1,675 per sq.ft in 2017. The value then rose sharply to Rs 2,500 per sq.ft in 2023, and has now increased by 10% to the current rate of Rs 2,750 per sq.ft in 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Nemilicherry

Nemilicherry village has a total of 172 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,160 per sq.ft, placing Bharthipuram 4th Street above this median with its current value of Rs 2,750 per sq.ft.

• Bharthipuram 3rd Street: Rs 2,750 per sq.ft (2024)
• Bharthipuram 1st Street & 2nd Street: Rs 2,750 per sq.ft (2024)
• Bharthipuram: Rs 2,750 per sq.ft (2024)
• Bhavani Nagar: Rs 2,200 per sq.ft (2024)
• Bhel Avenue: Rs 2,200 per sq.ft (2024)
• Bharathipuram Kattabomman Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Bharthipuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharthipuram 4th Street?

The Sub Registrar Office that covers Bharthipuram 4th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nemilicherry, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value helps determine the official value of the property for registration purposes.

In addition, the guideline value ensures that all property transactions are conducted fairly and transparently, providing a standard reference point for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value of Bharthipuram 4th Street?

The current guideline value of Bharthipuram 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 450%.

What are the stamp duty and registration fees for property in Bharthipuram 4th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 2,47,500.

Which office handles property registrations in Bharthipuram 4th Street?

The Pallavaram Sub Registrar Office handles property registrations for Bharthipuram 4th Street, located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification of Bharthipuram 4th Street?

The land classification of Bharthipuram 4th Street is Commercial Class I Type - II.