Guideline Value for Mahakavi Bharathiyar Nagar Stage I & II

Mahakavi Bharathiyar Nagar Stage I & II guideline value

The current guideline value for Mahakavi Bharathiyar Nagar Stage I & II is Rs 300 per sq.ft. This area is located in Vaipoor village and falls under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Mahakavi Bharathiyar Nagar Stage I & II has changed

The guideline value for Mahakavi Bharathiyar Nagar Stage I & II has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that 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 remained unchanged at Rs 300 per sq.ft.

Guideline values in Vaipoor

In Vaipoor village, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Mahakavi Bharathiyar Nagar Stage I & II's 2024 figure of Rs 300 per sq.ft is above this median.

• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Gangaiamman kovil Street: Rs 250 per sq.ft (2024)
• Ragallamman Kovil Street: Rs 250 per sq.ft (2024)
• Eswaran Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mahakavi Bharathiyar Nagar Stage I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mahakavi Bharathiyar Nagar Stage I & II?

The Sub Registrar Office that covers Mahakavi Bharathiyar Nagar Stage I & II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vaipoor. It is used to calculate the stamp duty and registration fees applicable during the registration process. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented accurately, reflecting the value of the property as determined by the government. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Mahakavi Bharathiyar Nagar Stage I & II?

The current guideline value for Mahakavi Bharathiyar Nagar Stage I & II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

Which Sub Registrar Office covers Mahakavi Bharathiyar Nagar Stage I & II?

The Sunguvarchattram Sub Registrar Office covers Mahakavi Bharathiyar Nagar Stage I & II, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the other streets in Vaipoor with their guideline values?

Other streets in Vaipoor include Mariamman Kovil Street, Mettu Street, Perumal Kovil Street, Gangaiamman kovil Street, Ragallamman Kovil Street, and Eswaran Koil Street, all of which have a guideline value of Rs 250 per sq.ft in 2024.

How is stamp duty calculated for properties in Mahakavi Bharathiyar Nagar Stage I & II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.