Guideline Value for Bharath Nagar

Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Bharath Nagar has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This value increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,210 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Bharath Nagar's 2024 figure below this median.

• Boopalan Nagar: Rs 1,210 per sq.ft (2024)
• Boopathy Avenue: Rs 2,420 per sq.ft (2024)
• Chandra Nagar: Rs 1,430 per sq.ft (2024)
• Chekkumedu Vania Street: Rs 1,210 per sq.ft (2024)
• Chithra Nagar: Rs 660 per sq.ft (2024)
• Chitra Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees to Rs 1,08,900. 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?

The Sub Registrar Office that covers Bharath 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 Kunrathour-B

The guideline value is a critical factor during the registration of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay.

When a property is bought or sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the established values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Kunrathour-B with guideline values?

Other streets in Kunrathour-B include Boopalan Nagar, Boopathy Avenue, Chandra Nagar, Chekkumedu Vania Street, Chithra Nagar, and Chitra Nagar, with values ranging from Rs 660 to Rs 2,420 per sq.ft in 2024.

What is the registration fee for properties in Bharath Nagar?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the registration fee would be Rs 24,200.

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

The Sub Registrar Office for Bharath Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.