Guideline Value for Bharathi Nagar Annai Indra Nagar

Bharathi Nagar Annai Indra Nagar guideline value

The current guideline value of Bharathi Nagar Annai Indra Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Bharathi Nagar Annai Indra Nagar has changed

The guideline value for Bharathi Nagar Annai Indra Nagar has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data means that the changes in guideline value from those years are not available for comparison. The increase from 2017 to 2023 was 49%, showing a significant rise in the value over this period.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is equal to the guideline value of Bharathi Nagar Annai Indra Nagar.

• Bharathi Nagar M.G.R Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Namazhvar Street: Rs 1,320 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 per sq.ft (2024)
• Bharathi Street Sanmuga Nagar: Rs 1,320 per sq.ft (2024)
• Bharathithasan Street: Rs 1,320 per sq.ft (2024)
• Bharathiyar 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Annai Indra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar Annai Indra Nagar?

The Bharathi Nagar Annai Indra Nagar area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Pozhichalur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value serves as a benchmark for the financial aspects of the sale, ensuring that both parties are informed about the costs involved.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Annai Indra Nagar?

The current guideline value of Bharathi Nagar Annai Indra Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate in Bharathi Nagar Annai Indra Nagar?

The stamp duty rate in Bharathi Nagar Annai Indra Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bharathi Nagar Annai Indra Nagar?

The Sub Registrar Office for Bharathi Nagar Annai Indra Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the registration fee for property in Bharathi Nagar Annai Indra Nagar?

The registration fee for property in Bharathi Nagar Annai Indra Nagar is 2% of the guideline value or the sale price, whichever is higher.