Guideline Value for BHARATHI NAGAR - Quaide millath Annexe

BHARATHI NAGAR - Quaide millath Annexe guideline value

The current guideline value for BHARATHI NAGAR - Quaide millath Annexe is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Nesapakkam village under the Virugambakkam SRO, classified as Residential Class II Type - I.

How the guideline value of BHARATHI NAGAR - Quaide millath Annexe has changed

The guideline value for BHARATHI NAGAR - Quaide millath Annexe has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and then increased again to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Nesapakkam

Nesapakkam village has a range of guideline values across its 148 streets under the Virugambakkam SRO, with values ranging from Rs 2,200 to Rs 7,150 per sq.ft. The median guideline value for the area is Rs 3,300 per sq.ft, which is the same as the current value for BHARATHI NAGAR - Quaide millath Annexe.

• BHARATHI NAGAR - Quaide millath Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Rajaji Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Periyar Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Ramadass 1st Cross Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - N.S.C. Bose Street: Rs 3,300 per sq.ft (2024)
• BHARATHI NAGAR - Ramadass 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in BHARATHI NAGAR - Quaide millath Annexe

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, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers BHARATHI NAGAR - Quaide millath Annexe?

The Sub Registrar Office that covers BHARATHI NAGAR - Quaide millath Annexe is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, understanding the guideline value helps both buyers and sellers to ensure compliance with local regulations and to accurately assess the financial implications of the sale.

Frequently asked questions

What is the current guideline value of BHARATHI NAGAR - Quaide millath Annexe?

The current guideline value of BHARATHI NAGAR - Quaide millath Annexe 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 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 BHARATHI NAGAR - Quaide millath Annexe?

BHARATHI NAGAR - Quaide millath Annexe is classified as Residential Class II Type - I.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in BHARATHI NAGAR - Quaide millath Annexe is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.