Guideline Value for Bharathi Nagar Main Road

Bharathi Nagar Main Road guideline value

The current guideline value of Bharathi Nagar Main Road is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

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 2002, the value was Rs 517 per sq.ft, which increased to Rs 580 per sq.ft in 2003. The value then rose significantly to Rs 1,200 per sq.ft in 2007, and further increased to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017. The value increased again to Rs 4,500 per sq.ft in 2023, and finally reached Rs 4,900 per sq.ft in the 2024 revision.

Examining the changes between these revisions, from 2002 to 2024, there has been an overall increase of 848%. The value rose by 12% from 2002 to 2003, followed by a 107% increase from 2003 to 2007. The value then saw a substantial rise of 275% from 2007 to 2012, but experienced a decrease of 33% from 2012 to 2017. After that, it increased by 49% from 2017 to 2023, and finally by 9% from 2023 to 2024.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which is equal to the current value of Bharathi Nagar Main Road.

• Bharathi Nagar Cross Street: Rs 4,900 per sq.ft (2024)
• Bharathiar Street, Chennai 82 (Venkatesa Nagar): Rs 4,900 per sq.ft (2024)
• Besant Road, Chennai 82: Rs 4,400 per sq.ft (2024)
• Boopathy Nagar: Rs 4,400 per sq.ft (2024)
• Butmedu (G.K.M. Colony) Chennai 82: Rs 2,700 per sq.ft (2024)
• Chakravarthy Colony: Rs 5,500 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 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, leading to a total of Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Nagar Main Road?

The Bharathi Nagar Main Road falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements.

When a property is sold or purchased, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

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 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 517 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 848% over the years.

What is the land classification for Bharathi Nagar Main Road?

Bharathi Nagar Main Road is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Bharathi Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,43,000.