Guideline Value for BHARATHI NAGAR 4TH STREET

Bharathi Nagar 4th Street guideline value

The current guideline value of Bharathi Nagar 4th Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Special Type - I.

How the guideline value of Bharathi Nagar 4th Street has changed

The guideline value for Bharathi Nagar 4th Street has seen significant changes over the years. In 2003, the value was Rs 2,081 per sq.ft, which increased to Rs 4,000 per sq.ft in 2007. This was followed by a substantial rise to Rs 10,000 per sq.ft in 2012, but then it decreased to Rs 6,700 per sq.ft in 2017. The value rebounded to Rs 10,000 per sq.ft in 2023, before reaching the current rate of Rs 11,000 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 429%. Notably, there is no figure available for Bharathi Nagar 4th Street in the 2002 revision.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a guideline value for 2024 ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value is Rs 11,000 per sq.ft, which is the same as the guideline value for Bharathi Nagar 4th Street.

• Bharathi Nagar 3rd Street: Rs 11,000 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 11,000 per sq.ft (2024)
• Bharathi Nagar 3rd Lane: Rs 11,000 per sq.ft (2024)
• Bharathi Nagar 2nd Street: Rs 11,000 per sq.ft (2024)
• Bharathi Nagar 2nd Lane: Rs 11,000 per sq.ft (2024)
• Bharathi Nagar Ist Lane: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost for these fees to Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar 4th Street?

The Sub Registrar Office that covers Bharathi Nagar 4th Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Tnagar. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, 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 government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar 4th Street?

The current guideline value of Bharathi Nagar 4th Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,081 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 429% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000, and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles the registration for Bharathi Nagar 4th Street?

The Thiyagaraya nagar Sub Registrar Office handles the registration for Bharathi Nagar 4th Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Bharathi Nagar 4th Street?

Bharathi Nagar 4th Street is classified as Residential Special Type - I, indicating its suitability for residential purposes.