Guideline Value for Bharath Avenue

Bharath Avenue guideline value

The current guideline value of Bharath Avenue in Nandhivaram village, under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bharath Avenue has changed

The guideline value for Bharath Avenue has seen several revisions over the years. Starting from Rs 75 per sq.ft in 2002, it increased significantly to Rs 328 per sq.ft in 2007. This was a rise of 337%. In 2012, the value remained at Rs 1,200 per sq.ft, reflecting a substantial increase of 266% from the previous revision. However, in 2017, the value dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then remained unchanged at Rs 1,200 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

Overall, from 2002 to 2024, the guideline value has increased by 1500%. The register does not provide figures for Bharath Avenue in 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Bharath Avenue's 2024 figure is below this median.

• Balasubramaniyam Nagar: Rs 1,500 per sq.ft (2024)
• Bhavanipuram: Rs 1,200 per sq.ft (2024)
• Bhavanipuram Extn.: Rs 1,200 per sq.ft (2024)
• Big Street: Rs 1,200 per sq.ft (2024)
• Balaji Nagar: Rs 1,500 per sq.ft (2024)
• Balaji Avenue Extn.: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, while the registration fee at 2% would be Rs 24,000, leading to a total cost of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharath Avenue?

The Sub Registrar Office that covers Bharath Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial element in the registration process of property transactions in Nandhivaram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharath Avenue?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, with various adjustments in between, including a drop in 2017 and stability in 2023 and 2024.

What is the land classification of Bharath Avenue?

Bharath Avenue is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Bharath Avenue?

The Sub Registrar Office for Bharath Avenue is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bharath Avenue?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 84,000 at 7%.