Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Kaniambakkam village, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which is managed by the Ponneri Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. This consistency in the current value reflects stability in the guideline value for Bharathi Nagar.

Guideline values in Kaniambakkam

In Kaniambakkam, there are eight streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Bharathi Nagar at this median value.

• Annai Nagar: Rs 150 per sq.ft (2024)
• A.G.R.Garden: Rs 150 per sq.ft (2024)
• Gowtham Nagar: Rs 100 per sq.ft (2024)
• Kumaran Nagar: Rs 125 per sq.ft (2024)
• Sai Hari Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, while the registration fee is charged at 2%, amounting to Rs 2,000. Therefore, the total cost for stamp duty and registration fee would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar?

Bharathi Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kaniambakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process. It is essential to be aware of the current guideline value to ensure compliance with legal requirements.

During the registration process, the guideline value can impact the overall cost of the transaction. Buyers and sellers should be prepared to pay the stamp duty based on the guideline value or the sale price, whichever is higher, to facilitate a smooth registration experience.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value of Bharathi Nagar has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets with guideline values in Kaniambakkam?

Other streets in Kaniambakkam include Annai Nagar, A.G.R.Garden, Gowtham Nagar, Kumaran Nagar, Sai Hari Nagar, and Sri Balaji Nagar, with guideline values ranging from Rs 100 to Rs 150 per sq.ft.

What fees are associated with property transactions in Bharathi Nagar?

Property transactions in Bharathi Nagar involve a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office covering Bharathi Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.