Guideline Value

Corporate

Guideline Value for Bharath Nagar

₹770/sq.ft.

The guideline value for Bharath Nagar in Padiyanallur village (Redhills SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padiyanallur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹42 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharath Nagar

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Bharath Nagar guideline value

The current guideline value of Bharath Nagar, located in Padiyanallur village under the Redhills SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bharath Nagar has changed

The guideline value for Bharath Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 42 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a substantial rise of 614%. Following this, the value further increased to Rs 469 per sq.ft in 2017, reflecting a 56% increase. The next revision in 2023 set the value at Rs 700 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 770 per sq.ft, a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1733%.

Guideline values in Padiyanallur

In Padiyanallur, there are 132 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, which is the same as the guideline value for Bharath Nagar.

Stamp duty and registration fee for property in Bharath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharath Nagar?

The Sub Registrar Office that covers Bharath Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Padiyanallur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers should be aware that the guideline value may influence the overall cost of property transactions.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharath Nagar?

The current guideline value of Bharath Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 42 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, which is an increase of 1733% over the period.

What is the median guideline value in Padiyanallur?

The median guideline value in Padiyanallur is Rs 770 per sq.ft, which is the same as the guideline value for Bharath Nagar.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 53,900, and the registration fee is Rs 15,400, amounting to a total of Rs 69,300.

Where is the Sub Registrar Office for Bharath Nagar located?

The Sub Registrar Office for Bharath Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.