Guideline Value for BHARATHI NAGAR

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar in Thozhuvur village, under the Tiruvallur Joint 1 SRO, is Rs 350 per sq.ft as per the 2023 revision. The land is classified as Residential Class III Type - I.

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 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, reflecting a decrease of 33%. However, in the 2023 revision, the guideline value increased by 50% to Rs 350 per sq.ft.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 350 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Bharathi Nagar is part of the Thozhuvur area, which falls under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

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

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

The guideline value is a crucial factor during the registration of property transactions in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This ensures compliance with legal requirements and helps in the smooth processing of the registration at the relevant SRO.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 350 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then increased back to Rs 350 per sq.ft in 2023.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class III Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value, which is Rs 350 per sq.ft as of 2023.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.