Guideline Value for BHARATHI NAGAR GARDEN

Bharathi Nagar Garden guideline value

The current guideline value of Bharathi Nagar Garden in Nayar village, under the Ponneri SRO, is Rs 165 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar Garden has changed

The guideline value for Bharathi Nagar Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 165 per sq.ft, an increase from Rs 150 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 100 per sq.ft, indicating a significant increase of +50% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by +65%.

It is important to note that there are no figures available in the register for the years 2002, 2003, 2007, and 2012 for Bharathi Nagar Garden. This lack of data means we cannot assess changes during those periods.

Guideline values in Nayar

In Nayar village, there are eight streets under the Ponneri SRO that carry a 2024 guideline value of Rs 165 per sq.ft. Bharathi Nagar Garden's 2024 figure is equal to the median of Rs 165 per sq.ft for these streets.

• Bharathi Nagar: Rs 165 per sq.ft (2024)
• Deepam Avenue: Rs 165 per sq.ft (2024)
• Anjeneyar Nagar: Rs 165 per sq.ft (2024)
• Green Park Avenue: Rs 165 per sq.ft (2024)
• Sabharis Garden -I: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, making the total fees Rs 14,850. 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 information on fees.

Which Sub Registrar Office covers Bharathi Nagar Garden?

The Bharathi Nagar Garden area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information on other offices, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nayar. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on an officially recognized value.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property transactions. This value is set by the Registration Department and is periodically revised to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Garden?

The current guideline value of Bharathi Nagar Garden is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 165 per sq.ft in 2024, reflecting an overall increase of +65% during this period.

What is the registration office for Bharathi Nagar Garden?

The registration office for Bharathi Nagar Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Bharathi Nagar Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 1,65,000 would incur a stamp duty of Rs 11,550 at 7%.

Are there other streets in Nayar with the same guideline value?

Yes, there are several other streets in Nayar under the Ponneri SRO that also have a guideline value of Rs 165 per sq.ft in 2024.