Guideline Value for Bharathi Nagar Extn

Bharathi Nagar Extn guideline value

The current guideline value of Bharathi Nagar Extn is Rs 2,970 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Commercial Class I Type - II.

How the guideline value of Bharathi Nagar Extn has changed

The guideline value for Bharathi Nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which then decreased to Rs 1,809 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,700 per sq.ft in 2023, and then rose again to the current value of Rs 2,970 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Bharathi Nagar Extn above this median.

• Bharathi Nagar Main Road: Rs 3,960 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)
• Bharathidasan Street Extn: Rs 2,970 per sq.ft (2024)
• Bharathidasan Street: Rs 2,640 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Bharathi Avenue Extension: Rs 4,290 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 2,970 per sq.ft, the guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, totaling Rs 2,67,300. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Bharathi Nagar Extn?

The Sub Registrar Office that covers Bharathi Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the correct amounts are paid based on the established rates. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Extn?

The current guideline value of Bharathi Nagar Extn is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then to Rs 2,700 per sq.ft in 2023, and finally to Rs 2,970 per sq.ft in 2024.

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

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles property registrations in Bharathi Nagar Extn?

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

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the stamp duty and registration fees that must be paid during the registration process. It ensures that fees are calculated based on a standardized rate.