Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Walajabad village under the Walajabad SRO, is Rs 750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 502 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 750 per sq.ft. The 2024 revision maintains this same value, showing no change from 2023.

For the years 2002, 2003, and 2007, the register has no figure for Bharathi Nagar. Thus, we only have the values from 2012 onwards to consider for understanding the changes in guideline value.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current value for Bharathi Nagar.

• Bhagavathimman Koil St: Rs 750 per sq.ft (2024)
• Beemaraya Mudhaliar Stret: Rs 750 per sq.ft (2024)
• Bazaar Street: Rs 750 per sq.ft (2024)
• Barathi Nagar: Rs 750 per sq.ft (2024)
• Bimaraja Muthali St: Rs 750 per sq.ft (2024)
• BOJAKARA-1rd- ST: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these fees Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more personalized calculations.

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Walajabad. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

Additionally, the guideline value serves as a benchmark for property transactions, helping to standardize the rates at which properties are bought and sold within the region. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, saw a drop to Rs 502 per sq.ft in 2017, and then increased back to Rs 750 per sq.ft in 2023 and 2024.

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Bharathi Nagar?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for property rates, ensuring transparency in the buying and selling process.