Guideline Value for BHARATHINAGAR

Bharathinagar guideline value

The current guideline value of Bharathinagar, located in Kodivalasa village under the Pallipattu SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Bharathinagar has changed

The guideline value for Bharathinagar has undergone several revisions over the years. In 2007, the value was Rs 60 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012, marking a 233% rise. However, it then decreased to Rs 134 per sq.ft in 2017, reflecting a 33% drop. The value remained at Rs 200 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2007 to 2024, the guideline value has increased by 233%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with the median value being Rs 200 per sq.ft. Bharathinagar's guideline value aligns with this median.

• Bazaarstreet: Rs 250 per sq.ft (2024)
• Bigstreet: Rs 250 per sq.ft (2024)
• Balijastreet: Rs 250 per sq.ft (2024)
• Annastreet (A)pushkranistreet: Rs 200 per sq.ft (2024)
• Gandhi Street: Rs 250 per sq.ft (2024)
• Kodivalasaroad: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathinagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathinagar?

Bharathinagar falls under the Pallipattu Sub Registrar Office located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodivalasa. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathinagar?

The current guideline value of Bharathinagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Bharathinagar?

Bharathinagar is classified under Residential Class II Type - I land classification.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Bharathinagar?

The Pallipattu Sub Registrar Office handles property registrations for Bharathinagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.