Guideline Value for BHARATHAM NAGAR

Bharatham Nagar guideline value

The current guideline value of Bharatham Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village, under the Madurandakam Sub Registrar Office (SRO). The land classification for Bharatham Nagar is Mixed Type - I.

How the guideline value of Bharatham Nagar has changed

As per the guideline value register, there are no figures available for Bharatham Nagar for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

The guideline value for Bharatham Nagar has consistently been Rs 200 per sq.ft since the 2023 revision. This reflects stability in the valuation for this street, as it has not seen any increase or decrease in the recent revisions.

Guideline values in Thandalam

In Thandalam, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 200 per sq.ft. The median value for these streets is Rs 104 per sq.ft, placing Bharatham Nagar's guideline value above this median.

• Cs Gateway: Rs 104 per sq.ft (2024)
• Adhi Bhagavan Nagar: Rs 103 per sq.ft (2024)
• J P Avenue: Rs 200 per sq.ft (2024)
• Sekar Avenue Phase-II: Rs 101 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 101 per sq.ft (2024)
• Sivakalai Nagar Phase-I: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Bharatham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty, charged at 7%, would amount to Rs 14,000, while the registration fee at 2% would be Rs 4,000. Together, the total cost for these fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bharatham Nagar?

The Sub Registrar Office that covers Bharatham Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation.

When a property is sold, the guideline value helps in establishing the minimum sale price for the transaction. This ensures that the government receives appropriate revenue through stamp duty and registration fees, which are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Bharatham Nagar?

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

How has the guideline value changed over the years?

The guideline value for Bharatham Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no changes from the previous year.

What is the land classification for Bharatham Nagar?

The land classification for Bharatham Nagar is Mixed Type - I, indicating a diverse use of land in the area.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bharatham Nagar?

Stamp duty for properties in Bharatham Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same criteria.