Guideline Value for Bharath Avenue

Bharath Avenue guideline value

The current guideline value of Bharath Avenue, located in Manimangalam A village under the Padappai SRO, is Rs 880 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

In the 2017 revision, the guideline value was Rs 536 per sq.ft. It increased to Rs 800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision sees a further increase to Rs 880 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value is Rs 880 per sq.ft, which matches the current value for Bharath Avenue.

• Bharath Avenue Phase I: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 880 per sq.ft (2024)
• Bilal Nagar: Rs 770 per sq.ft (2024)
• Blossom's GREEN AGATE: Rs 960 per sq.ft (2024)
• Bound Street: Rs 880 per sq.ft (2024)
• Balaji Garden: Rs 880 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 for precise calculations based on your property details.

Which Sub Registrar Office covers Bharath Avenue?

The Sub Registrar Office that covers Bharath Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the property is registered at a value that reflects the current market conditions, thus facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Bharath Avenue?

The current guideline value of Bharath Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, which is an overall increase of 64% over the years.

What are the stamp duty and registration fees for properties in Bharath Avenue?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office is responsible for Bharath Avenue?

The Padappai Sub Registrar Office is responsible for Bharath Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Are there other streets with the same guideline value in Manimangalam A?

Yes, other streets in Manimangalam A, such as Bharath Avenue Phase I, Bharathi Nagar, Bound Street, and Balaji Garden also have a guideline value of Rs 880 per sq.ft in 2024.