Guideline Value for Bharath Nagar Ext.

Bharath Nagar Ext. guideline value

The current guideline value of Bharath Nagar Ext., located in Menambedu village under the Ambattur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Bharath Nagar Ext. has changed

The guideline value for Bharath Nagar Ext. has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking an 87% rise. The latest revision in 2024 has brought the value to Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft, with a median value of Rs 1,003 per sq.ft. Bharath Nagar Ext.'s 2024 figure of Rs 1,001 per sq.ft is below this median.

• Bharath Nagar: Rs 1,001 per sq.ft (2024)
• Bharathiyar Street(Arumuga Nagar): Rs 1,700 per sq.ft (2024)
• Bharathi Street: Rs 1,700 per sq.ft (2024)
• Chandiran Mesthiri Street: Rs 1,000 per sq.ft (2024)
• Banu Street: Rs 1,700 per sq.ft (2024)
• Bala Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar Ext.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total charges Rs 90,090. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharath Nagar Ext.?

The Sub Registrar Office that covers Bharath Nagar Ext. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Menambedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Bharath Nagar Ext.?

The current guideline value of Bharath Nagar Ext. is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, with significant increases noted between 2017 and 2023.

What is the land classification of Bharath Nagar Ext.?

Bharath Nagar Ext. falls under the Residential Class IV Type - I land classification.

Where can I find the Sub Registrar Office for Bharath Nagar Ext.?

The Sub Registrar Office for Bharath Nagar Ext. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Bharath Nagar Ext.?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,001 per sq.ft incurs a total guideline value of Rs 10,01,000, leading to specific stamp duty and registration fees.