Guideline Value for BHARATHI NAGAR - N.S.C. Bose Street

BHARATHI NAGAR - N.S.C. Bose Street guideline value

The current guideline value of BHARATHI NAGAR - N.S.C. Bose Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nesapakkam village and falls under the Virugambakkam SRO. The land classification is Residential Class II Type - I.

How the guideline value of BHARATHI NAGAR - N.S.C. Bose Street has changed

The guideline value for BHARATHI NAGAR - N.S.C. Bose Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. In 2023, the value increased to Rs 3,000 per sq.ft, and the latest revision in 2024 has set it at Rs 3,300 per sq.ft.

In terms of changes, the guideline value increased by 49% from 2017 to 2023. There was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nesapakkam

In Nesapakkam, there are 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the current value for BHARATHI NAGAR - N.S.C. Bose Street.

• BHARATHI NAGAR - Periyar Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Murugan Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Murugan Kovil Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Quaide millath Annexe: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - MGR Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Quaide millath Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in BHARATHI NAGAR - N.S.C. Bose Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total cost of Rs 2,97,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers BHARATHI NAGAR - N.S.C. Bose Street?

The Sub Registrar Office that covers BHARATHI NAGAR - N.S.C. Bose Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Nesapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value of BHARATHI NAGAR - N.S.C. Bose Street?

The current guideline value of BHARATHI NAGAR - N.S.C. Bose Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

BHARATHI NAGAR - N.S.C. Bose Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value or sale price.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers BHARATHI NAGAR - N.S.C. Bose Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.