Guideline Value for Bharathi Nagar Main Road (Part)
₹3520/sq.ft.
The guideline value for Bharathi Nagar Main Road (part) in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 3520 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Zaminpallavaram
Village
Pallavaram
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹3520 /sq.ft. |
| From 1-4-2023 | ₹3200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2144 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹3200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹1000 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹486 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Bharathi Nagar Main Road (part)
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Bharathi Nagar Main Road (Part) guideline value
The current guideline value of Bharathi Nagar Main Road (Part) in Zaminpallavaram village is Rs 3,520 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.
How the guideline value of Bharathi Nagar Main Road (Part) has changed
The guideline value for Bharathi Nagar Main Road (Part) has undergone several revisions over the years. Starting from Rs 486 per sq.ft in 2003, it increased to Rs 1,000 per sq.ft in 2007, then saw a significant rise to Rs 3,200 per sq.ft in 2012. However, it dropped to Rs 2,144 per sq.ft in 2017 before climbing back to Rs 3,200 per sq.ft in 2023, and finally reaching Rs 3,520 per sq.ft in the 2024 revision. Notably, there is no figure available for this street in the 2002 revision.
Between the revisions, the changes were as follows: from 2003 to 2007, there was an increase of 106%; from 2007 to 2012, it decreased by 33%; the value surged by 220% from 2012 to 2017; it then increased by 49% from 2017 to 2023; and finally, there was a 10% rise from 2023 to 2024. Overall, the guideline value has increased by 624% from 2003 to 2024.
Guideline values in Zaminpallavaram
In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Bharathi Nagar Main Road (Part) above this median.
- Bharathi Street: Rs 4,400 per sq.ft (2024)
- Bharathiyar Street: Rs 3,520 per sq.ft (2024)
- Bharath Nagar: Rs 3,300 per sq.ft (2024)
- Bharthi Nagar 1st Cross Street: Rs 4,400 per sq.ft (2024)
- Bharthi Nagar 1st Street: Rs 4,400 per sq.ft (2024)
- Bharthi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
Stamp duty and registration fee for property in Bharathi Nagar Main Road (Part)
For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. 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 details.
Which Sub Registrar Office covers Bharathi Nagar Main Road (Part)?
The Bharathi Nagar Main Road (Part) is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Zaminpallavaram
The guideline value is a crucial factor in property transactions in Zaminpallavaram, serving as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory when buying or selling property.
When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property in the official records. This process aids in maintaining transparency and legality in real estate transactions.
Frequently asked questions
What is the current guideline value of Bharathi Nagar Main Road (Part)?
The current guideline value of Bharathi Nagar Main Road (Part) is Rs 3,520 per sq.ft, effective from 1 July 2024.
How much has the guideline value changed over the years?
The guideline value has changed from Rs 486 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 624% over this period.
What is the registration fee for properties in Bharathi Nagar Main Road (Part)?
The registration fee for properties in Bharathi Nagar Main Road (Part) is calculated at 2% of the guideline value or sale price, whichever is higher.
Which Sub Registrar Office handles registrations for Bharathi Nagar Main Road (Part)?
The Pallavaram Sub Registrar Office handles registrations for Bharathi Nagar Main Road (Part), located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
How is stamp duty calculated for properties in this area?
Stamp duty for properties in Bharathi Nagar Main Road (Part) is charged at 7% of the higher value between the guideline value and the sale price.
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