Guideline Value for Bathra Nagar

Bathra Nagar guideline value

The current guideline value of Bathra Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. Bathra Nagar is located in Kovur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bathra Nagar has changed

The guideline value for Bathra Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 1,500 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Bathra Nagar. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kovur

Kovur village has a total of 91 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is the same as the guideline value for Bathra Nagar.

• Balamurugan Nagar: Rs 1,430 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,430 per sq.ft (2024)
• Balaji Nagar: Rs 1,430 per sq.ft (2024)
• Arumugam Nagar: Rs 1,650 per sq.ft (2024)
• A.P.S. Garden: Rs 1,650 per sq.ft (2024)
• Deivarathinam Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Bathra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. 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 Bathra Nagar?

The Sub Registrar Office covering Bathra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kovur. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately with the government.

Frequently asked questions

What is the current guideline value of Bathra Nagar?

The current guideline value of Bathra Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Bathra Nagar?

Bathra Nagar is classified as Residential Special Type - I under the Kunrathur SRO.

Where can I find the registration office for Bathra Nagar?

The registration office for Bathra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 16,50,000, the total stamp duty and registration fees would amount to Rs 1,48,500.