Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Thiruninravur-A village, is Rs 990 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 400 per sq.ft, and with the 2024 revision, it increased to Rs 990 per sq.ft, marking a change of +148%.

This substantial increase reflects the current valuation landscape. The 2024 figure of Rs 990 per sq.ft is a notable rise from the previous year’s Rs 400 per sq.ft, showcasing a significant adjustment in the guideline value for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Bharath Nagar's 2024 figure of Rs 990 per sq.ft is above this median.

• Bhavani Nagar: Rs 750 per sq.ft (2024)
• Bismillah St: Rs 750 per sq.ft (2024)
• Bharadhi St: Rs 440 per sq.ft (2024)
• Chandirasekar Nagar: Rs 750 per sq.ft (2024)
• Baskar Nagar: Rs 750 per sq.ft (2024)
• Balakrishnan Nagar & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total charges together Rs 89,100. 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 detailed calculations.

Which Sub Registrar Office covers Bharath Nagar?

The Bharath Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor during property registration in Thiruninravur-A. It serves as a reference point for calculating the stamp duty and registration fees, which are mandatory when executing property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate fees are collected. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by +148% from Rs 400 per sq.ft in 2023 to Rs 990 per sq.ft in 2024.

What is the classification of land in Bharath Nagar?

Bharath Nagar is classified as Residential Class I Type - I under the Avadi SRO.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles property registrations for Bharath Nagar?

The Avadi Sub Registrar Office handles property registrations for Bharath Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.