Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 626 per sq.ft, which is equal to the current guideline value of Bharathi Nagar.

• Bhagyam New Town: Rs 626 per sq.ft (2024)
• Bharathyar Street: Rs 626 per sq.ft (2024)
• Birunthavanam Street: Rs 626 per sq.ft (2024)
• Brindavanam Nagar: Rs 626 per sq.ft (2024)
• Balaji Nagar: Rs 626 per sq.ft (2024)
• Balaji Garden: Rs 626 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 626 per sq.ft, the total guideline value would be Rs 6,26,000. The stamp duty at 7% would amount to Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total cost for these fees to Rs 56,340. 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 to get a precise estimate based on your specific property details.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, and then back to Rs 626 per sq.ft in 2023 and 2024.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class II Type - III under the guideline value register.

Where can I find the registration office for Bharathi Nagar?

The registration office for Bharathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Bharathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 at a rate of 7%.