Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Nayar village under the Ponneri SRO, is Rs 165 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

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This increased significantly to Rs 150 per sq.ft in the 2023 revision, marking a change of 124%. The most recent 2024 revision has set the value at Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 146%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nayar

In Nayar village, there are 8 streets under the Ponneri SRO that carry a 2024 guideline value of Rs 165 per sq.ft, with the median also being Rs 165 per sq.ft. Bharathi Nagar's 2024 figure is equal to this median.

• Bharathi Nagar Garden: Rs 165 per sq.ft (2024)
• Deepam Avenue: Rs 165 per sq.ft (2024)
• Anjeneyar Nagar: Rs 165 per sq.ft (2024)
• Green Park Avenue: Rs 165 per sq.ft (2024)
• Sabharis Garden -I: Rs 165 per sq.ft (2024)
• Sri Balaji Nagar: Rs 165 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 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, resulting in a total of Rs 14,850. It is essential 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. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Nayar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value must be considered alongside the sale price; the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 165 per sq.ft in 2024, marking a total increase of 146%.

What is the registration office for Bharathi Nagar?

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

How is stamp duty calculated in Bharathi Nagar?

Stamp duty in Bharathi Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,65,000, the stamp duty would be Rs 11,550 at 7%.

Are there other streets in Nayar with the same guideline value?

Yes, there are several other streets in Nayar under the Ponneri SRO that also have a guideline value of Rs 165 per sq.ft in 2024.