Guideline Value for Bharathi Nagar Kaveri Street

Bharathi Nagar Kaveri Street guideline value

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

How the guideline value of Bharathi Nagar Kaveri Street has changed

The guideline value for Bharathi Nagar Kaveri Street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 2,000 per sq.ft. This was followed by a decrease in 2017 to Rs 1,340 per sq.ft, a significant drop of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and in the most recent revision in 2024, it rose further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has seen a 10% increase despite the fluctuations in between. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Tharamani

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

• Bharathi Nagar Gothavari Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Gangai Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Ponni Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Bhavani 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 Kaveri 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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar Kaveri Street?

The Sub Registrar Office that covers Bharathi Nagar Kaveri Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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 serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

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

The current guideline value of Bharathi Nagar Kaveri 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 back 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 Kaveri Street?

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

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property in Bharathi Nagar Kaveri Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.