Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 500 per sq.ft. This area is located in Arungal village and falls under the Gooduvancheri SRO. The land classification for Bharathi Nagar is Residential Special Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value of Bharathi Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. However, in the 2017 revision, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 500 per sq.ft, resulting in an overall increase of 49% from the 2017 figure.

When considering the changes from 2012 to 2023, the guideline value remained the same at Rs 500 per sq.ft, indicating no overall change across this period. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Bharathi Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Arungal provided in the available data.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arungal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value is referenced to ascertain the appropriate fees due at the time of registration. This ensures transparency and consistency in the property registration process within the region.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 500 per sq.ft to Rs 335 per sq.ft. It then increased back to Rs 500 per sq.ft in the 2023 revision.

What is the land classification for Bharathi Nagar?

The land classification for Bharathi Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bharathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.