Guideline Value for BHARATHI NAGAR MAIN ROAD

Bharathi Nagar Main Road guideline value

The current guideline value of Bharathi Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of Bharathi Nagar Main Road has changed

In the 2024 revision, the guideline value for Bharathi Nagar Main Road was set at Rs 2,200 per sq.ft. The register has no figures for this street in the revisions of 2023, 2017, 2012, 2007, 2003, and 2002.

As there have been no figures recorded for Bharathi Nagar Main Road in previous revisions, the 2024 figure represents the first recorded guideline value for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Bharathi Nagar Main Road.

• Bharathi Nagar Annexe: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 1st Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 2nd Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 3rd Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annexe 4th Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Main Road?

The Sub Registrar Office covering Bharathi Nagar Main Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property in Sholinganallur - 1, it is essential to be aware of the current guideline value, as this will affect the overall cost of the transaction. Buyers should ensure that the sale price is aligned with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Main Road?

The current guideline value of Bharathi Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bharathi Nagar Main Road was first recorded in the 2024 revision at Rs 2,200 per sq.ft. There are no figures available for this street in the previous revisions from 2023, 2017, 2012, 2007, 2003, and 2002.

What is the classification of Bharathi Nagar Main Road?

Bharathi Nagar Main Road is classified as Residential Class II Type - III under the Neelankarai SRO.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total fees would be Rs 1,98,000.

Where is the Sub Registrar Office for Bharathi Nagar Main Road located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.