Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then increased to Rs 134 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 124%, bringing the value to Rs 300 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 501 per sq.ft, marking a 67% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 151%.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, which is equal to the current guideline value for Bharath Nagar. The following are other streets in Thadaperumbakkam:

• Balamurugan Nagar: Rs 600 per sq.ft (2024)
• Balaji Nagar: Rs 600 per sq.ft (2024)
• Dasaradan Nagar: Rs 600 per sq.ft (2024)
• Devaki Green Garden: Rs 600 per sq.ft (2024)
• Arumuga Mudhaliyar Nagar: Rs 500 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, making the total cost for these fees Rs 45,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharath Nagar?

Bharath Nagar is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor when registering property in Thadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, marking a total increase of 151% over this period.

What are the other streets with guideline values in Thadaperumbakkam?

Other streets in Thadaperumbakkam include Balamurugan Nagar, Balaji Nagar, Dasaradan Nagar, Devaki Green Garden, Arumuga Mudhaliyar Nagar, and Arumuga Mudaliar Nagar, with values ranging from Rs 500 to Rs 600 per sq.ft.

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

For a property valued at Rs 5,01,000, the stamp duty would be Rs 35,070, and the registration fee would be Rs 10,020, totaling Rs 45,090.

Where is the Sub Registrar Office for Bharath Nagar located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.