Guideline Value for Bharathi Nagar Gothavari Street

Bharathi Nagar Gothavari Street guideline value

The current guideline value of Bharathi Nagar Gothavari Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Bharathi Nagar Gothavari Street has changed

The guideline value for Bharathi Nagar Gothavari Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. In 2017, this value decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, placing Bharathi Nagar Gothavari Street's 2024 figure below that median.

• Bharathi Nagar Gangai Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Kaveri Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Bhavani Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Ponni Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Saraswathi Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Thamirabarani Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Gothavari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar Gothavari Street?

The Bharathi Nagar Gothavari Street falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tharamani. It helps determine the stamp duty and registration fees that must be paid during the transaction, ensuring that the government receives its due revenue.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers should be aware that the fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Gothavari Street?

The current guideline value of Bharathi Nagar Gothavari Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Bharathi Nagar Gothavari Street?

Bharathi Nagar Gothavari Street is classified as Residential Class III Type - I.

What are the stamp duty rates for properties in Bharathi Nagar Gothavari Street?

The stamp duty for properties in Bharathi Nagar Gothavari Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bharathi Nagar Gothavari Street?

The Adayar Sub Registrar Office handles registrations for Bharathi Nagar Gothavari Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.