Guideline Value for BHARANI NAGAR

Bharani Nagar guideline value

The current guideline value of Bharani Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur C village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Bharani Nagar has changed

According to the register, there are no figures for Bharani Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,200 per sq.ft in the 2023 revision and remains unchanged at Rs 1,200 per sq.ft in the 2024 revision, indicating a 0% change between these two years.

This consistency in the guideline value reflects stability in the area, with the current rate remaining the same for two consecutive revisions.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 720 per sq.ft, positioning Bharani Nagar's 2024 figure above this median.

• Bvl Spring Blossoms Extension: Rs 800 per sq.ft (2024)
• Chandra Avenue: Rs 1,206 per sq.ft (2024)
• Dr.APJ Abdul Kalam Nagar: Rs 720 per sq.ft (2024)
• Aadhithya Nagar: Rs 700 per sq.ft (2024)
• Jbm Selvi Garden: Rs 804 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Bharani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these charges Rs 1,08,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharani Nagar?

The Sub Registrar Office that covers Bharani Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Sriperumbudur C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the established rates. This process is essential for maintaining transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value of Bharani Nagar?

The current guideline value of Bharani Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharani Nagar has remained at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Bharani Nagar?

Bharani Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bharani Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Bharani Nagar located?

The Sub Registrar Office for Bharani Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.