Guideline Value for Bharathi Nagar Main Road

Bharathi Nagar Main Road guideline value

The current guideline value of Bharathi Nagar Main Road is Rs 6,100 per sq.ft. This property is located in Adayar village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bharathi Nagar Main Road has changed

The guideline value for Bharathi Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 150%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a decline of 33%. The value then increased to Rs 5,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 6,100 per sq.ft, representing an 11% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 177%.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO carrying a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, which matches the current value of Bharathi Nagar Main Road.

• Bharathi Nagar Krishnamurthy Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Nethaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Nagar Tank Square Street: Rs 6,100 per sq.ft (2024)
• Balaram Road: Rs 6,100 per sq.ft (2024)
• Chitra Nagar: Rs 5,500 per sq.ft (2024)
• Circular Road: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar Main Road?

The Sub Registrar Office that covers Bharathi Nagar Main Road 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 Adayar

The guideline value is a crucial factor in the registration process when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government regulations.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Main Road?

The current guideline value of Bharathi Nagar Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,200 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 177% over the years.

What are the other streets in Adayar with the same guideline value?

Other streets in Adayar with the same guideline value of Rs 6,100 per sq.ft include Bharathi Nagar Krishnamurthy Street, Bharathi Nagar Nethaji Street, Bharathi Nagar Tank Square Street, and Balaram Road.

How is the stamp duty calculated for properties in Bharathi Nagar?

Stamp duty for properties in Bharathi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office for Bharathi Nagar is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find more details about your SRO online.