Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar is Rs 438 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was set at Rs 400 per sq.ft, and in 2024, it increased to Rs 438 per sq.ft, marking a change of +10% from the previous year.

With the 2024 revision, the current guideline value reflects the latest assessment. The previous figures indicate a steady increase, with the 2023 value being Rs 400 per sq.ft, which was the only figure available for the immediate preceding year.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Bharath Nagar's 2024 figure below that median.

• Bhavani Nagar: Rs 770 per sq.ft (2024)
• Bismillah St: Rs 770 per sq.ft (2024)
• Bharadhi St: Rs 440 per sq.ft (2024)
• Chandirasekar Nagar: Rs 770 per sq.ft (2024)
• Baskar Nagar: Rs 770 per sq.ft (2024)
• Balamurugan Nagar Part I: Rs 1,320 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 438 per sq.ft, the total guideline value amounts to Rs 4,38,000. The stamp duty at 7% would be Rs 30,660, and the registration fee at 2% would be Rs 8,760, bringing the total to Rs 39,420. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharath Nagar?

The Sub Registrar Office that covers Bharath Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration of property transactions in Thiruninravur-B. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that these charges reflect the property's assessed worth.

When buying or selling property, the guideline value provides a standardized measure that both parties can refer to during negotiations and registration. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 438 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 438 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Thiruninravur-B?

The median guideline value in Thiruninravur-B is Rs 770 per sq.ft. Bharath Nagar's 2024 figure of Rs 438 per sq.ft is below this median.

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

For a property valued at Rs 4,38,000, the stamp duty would be Rs 30,660, and the registration fee would be Rs 8,760, totaling Rs 39,420. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bharath Nagar?

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