Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar has changed

In the 2017 revision, the guideline value for Bharathi Nagar was Rs 469 per sq.ft. This value increased to Rs 700 per sq.ft in the 2023 revision, marking a change of 49%. The guideline value remained the same at Rs 700 per sq.ft in the 2024 revision, resulting in no change from the previous year.

The register has no figures for Bharathi Nagar in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the 2024 figure for Bharathi Nagar.

• Burma Tamizhar Street: Rs 700 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 702 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: Rs 700 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is 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 Ponneri_2

The guideline value is a crucial factor in property transactions in Ponneri_2, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to calculate applicable stamp duty and registration fees during the transaction.

When registering a property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the stamp duty, ensuring that all transactions adhere to the legal framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and it remained the same in 2024. The overall change from 2017 to 2024 is an increase of 49%.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

What are the stamp duty rates applicable in Bharathi Nagar?

The stamp duty rate in Bharathi Nagar is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Bharathi Nagar located?

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