Guideline Value for BHARATH NAGAR

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Thadaperumbakkam_2 village under the Ponneri SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which commenced on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a change of +124%. The 2024 revision maintained the same value of Rs 300 per sq.ft, resulting in no percentage change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Bharath Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +124%.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the 2024 figure for Bharath Nagar.

• Chennai City: Rs 400 per sq.ft (2024)
• Devaki Green Garden: Rs 400 per sq.ft (2024)
• Annamalai Nagar: Rs 300 per sq.ft (2024)
• Annai Abirami Nagar: Rs 300 per sq.ft (2024)
• Gandhi Nagar: Rs 300 per sq.ft (2024)
• A.G.M. Green Garden: Rs 300 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more calculations.

Which Sub Registrar Office covers Bharath Nagar?

Bharath Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value plays a crucial role in the registration process when buying or selling property in Thadaperumbakkam_2. It is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When registering a property, buyers and sellers must consider the guideline value as it influences the overall costs associated with the transaction. It is essential to stay informed about the current guideline 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 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by +124%, from Rs 134 per sq.ft to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Bharath Nagar?

The land classification for Bharath Nagar is Residential Class II Type - I.

Where can I find the Ponneri Sub Registrar Office?

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

How is the stamp duty calculated for property in Bharath Nagar?

Stamp duty for property in Bharath Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the stamp duty would be Rs 21,000.