Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Naalur village under the Ponneri SRO, is Rs 400 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 has changed

The guideline value for Bharathi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 300 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. However, this marked a significant change as the value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing an overall increase of 33% from the 2012 figure.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street in the register.

Guideline values in Naalur

In Naalur village, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. Bharathi Nagar's 2024 guideline value is equal to this median.

• Annai Abirami Nagar: Rs 400 per sq.ft (2024)
• A.M.R.Nagar: Rs 400 per sq.ft (2024)
• Adiyammapuram: Rs 500 per sq.ft (2024)
• Green Peace: Rs 400 per sq.ft (2024)
• Indhuja Nagar: Rs 500 per sq.ft (2024)
• Jain Nagar: Rs 500 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our 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. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor in property transactions in Naalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value while negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures transparency and uniformity in property transactions. It serves as a benchmark to assess the value of properties in the area, aiding both buyers and sellers in making informed decisions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in both 2023 and 2024.

What are the other streets in Naalur with their guideline values?

Other streets in Naalur include Annai Abirami Nagar and A.M.R.Nagar, both at Rs 400 per sq.ft, while Adiyammapuram, Indhuja Nagar, and Jain Nagar have values of Rs 500 per sq.ft.

Where is the Ponneri Sub Registrar Office located?

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

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum value for property registration and is used to calculate stamp duties and registration fees, ensuring transparency in property transactions.