Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. Bharathi Nagar is located in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision further increased the value by 10%, bringing it to Rs 220 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median value being Rs 220 per sq.ft. Bharathi Nagar's 2024 guideline value aligns with this median.

• Barathiyamman Nagar: Rs 220 per sq.ft (2024)
• Bagavathiyamman Nagar: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Bijiva Nagar: Rs 220 per sq.ft (2024)
• B. Jeeva Nagar: Rs 220 per sq.ft (2024)
• Chamundeeswari Nagar: Rs 220 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total cost for these fees Rs 19,800. 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 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Vallur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 220 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the other streets in Vallur with the same guideline value?

Other streets in Vallur that share the same guideline value of Rs 220 per sq.ft include Bijiva Nagar, B. Jeeva Nagar, Barathiyamman Nagar, Balamurugan Nagar, and Chamundeeswari Nagar.

How is stamp duty calculated in Bharathi Nagar?

Stamp duty in Bharathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

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.