Guideline Value for Paventhar Bharathidasan Street

Paventhar Bharathidasan Street guideline value

The current guideline value of Paventhar Bharathidasan Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, classified as Residential Class I Type - III.

How the guideline value of Paventhar Bharathidasan Street has changed

The guideline value for Paventhar Bharathidasan Street has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged in the 2023 revision at Rs 600 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 600 per sq.ft, indicating no percentage change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value has increased by 49%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant change occurred between the 2017 and 2023 revisions, where the guideline value increased by 49% from Rs 402 per sq.ft to Rs 600 per sq.ft.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which matches the guideline value of Paventhar Bharathidasan Street.

• Pavodum Santhu: Rs 800 per sq.ft (2024)
• Pattai Street: Rs 800 per sq.ft (2024)
• Periya Street Mangalam: Rs 600 per sq.ft (2024)
• Periy Street: Rs 600 per sq.ft (2024)
• Pidari koil street: Rs 600 per sq.ft (2024)
• Pillayar Koil St: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Paventhar Bharathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Paventhar Bharathidasan Street?

The Sub Registrar Office that covers Paventhar Bharathidasan Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair price in accordance with the local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Paventhar Bharathidasan Street?

The current guideline value of Paventhar Bharathidasan Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Paventhar Bharathidasan Street?

Paventhar Bharathidasan Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

Which office handles property registrations for this street?

The Thirukazhukundram Sub Registrar Office is responsible for property registrations for Paventhar Bharathidasan Street, located in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur total fees of Rs 54,000.