Guideline Value for Bharathi Avenue Phase-I to V

Bharathi Avenue Phase-I to V guideline value

The current guideline value for Bharathi Avenue Phase-I to V in Kaval Kazhani village is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Bharathi Avenue Phase-I to V has changed

The guideline value for Bharathi Avenue Phase-I to V has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it was reduced to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft.

In the most recent 2024 revision, the guideline value remains unchanged at Rs 400 per sq.ft, indicating a 0% change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 226 to Rs 1,550 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Bharathi Avenue Phase-I to V is above this median.

• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 300 per sq.ft (2024)
• JeiGanesh Nagar: Rs 300 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Ramasubbu Nagar: Rs 226 per sq.ft (2024)
• R.S Avenue: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Avenue Phase-I to V

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. It is important to note that 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 Bharathi Avenue Phase-I to V?

The Bharathi Avenue Phase-I to V falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaval Kazhani. It is used to determine the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Bharathi Avenue Phase-I to V?

The current guideline value for Bharathi Avenue Phase-I to V is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024, with a significant increase of 49% from 2017 to 2023.

What is the land classification for Bharathi Avenue Phase-I to V?

Bharathi Avenue Phase-I to V is classified as Residential Special Type - I.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in Bharathi Avenue Phase-I to V is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

The Sunguvarchattram Sub Registrar Office covers Bharathi Avenue Phase-I to V. More information can be found by visiting the link to find your SRO.