Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Kadappakkam village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

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 guideline value was Rs 600 per sq.ft, which increased to Rs 402 per sq.ft in 2017. Following that, the value saw a significant increase to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,002 per sq.ft, reflecting no change from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 67%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kadappakkam

Kadappakkam village has a total of 17 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,001 to Rs 1,200 per sq.ft, with the median value being Rs 1,002 per sq.ft. The guideline value for Bharathi Nagar is equal to this median.

• Chelliamma N Koil Street: Rs 1,002 per sq.ft (2024)
• Andar Kuppam: Rs 1,002 per sq.ft (2024)
• Andal Nagar: Rs 1,002 per sq.ft (2024)
• Ambigeswari Nagar: Rs 1,002 per sq.ft (2024)
• Harijan Colony: Rs 1,001 per sq.ft (2024)
• Kamarajpuram: Rs 1,002 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 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040, resulting in a total of Rs 90,180. 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 detailed calculations.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kadappakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. Thus, understanding the guideline value is vital for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 67%.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Sub Registrar Office for Bharathi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.