Guideline Value for Bharathi Janalist

Bharathi Janalist guideline value

The current guideline value of Bharathi Janalist is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Navaloor village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Bharathi Janalist has changed

The guideline value for Bharathi Janalist has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following that, the value increased to Rs 500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 550 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,000 per sq.ft, with the median value being Rs 550 per sq.ft. The guideline value for Bharathi Janalist is equal to this median.

• Brindhavanam Nagar: Rs 770 per sq.ft (2024)
• Ezhil Nagar: Rs 550 per sq.ft (2024)
• Alamelumangapuram Colony Part II: Rs 440 per sq.ft (2024)
• Green Grove Co-Operative Jeyam Nagar: Rs 770 per sq.ft (2024)
• Kanchivakkam to Serappananchery Road: Rs 440 per sq.ft (2024)
• Kanchivakkam to Vellarithangal Road: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Janalist

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Janalist?

The Bharathi Janalist area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Navaloor. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value is often referenced to establish the minimum value for which a property can be registered. This ensures that all transactions are recorded at a fair value as per the government guidelines.

Frequently asked questions

What is the current guideline value of Bharathi Janalist?

The current guideline value of Bharathi Janalist is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 550 per sq.ft in 2024, up from Rs 500 per sq.ft in 2023, and Rs 335 per sq.ft in 2017.

What are the stamp duty and registration fees for property in Bharathi Janalist?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Bharathi Janalist?

The Padappai Sub Registrar Office handles registrations for Bharathi Janalist, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What other streets are in Navaloor?

There are several other streets in Navaloor, including Brindhavanam Nagar, Ezhil Nagar, and Green Grove Co-Operative Jeyam Nagar, each with their respective guideline values.