Guideline Value

Corporate

Guideline Value for Bharathi Nagar Main Road

₹3960/sq.ft.

The guideline value for Bharathi Nagar Main Road in Perungalathur village (Padappai SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharathi Nagar Main Road

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Bharathi Nagar Main Road guideline value

The current guideline value of Bharathi Nagar Main Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village under the Padappai SRO, and it falls under the land classification of Commercial Class I Type - I.

How the guideline value of Bharathi Nagar Main Road has changed

The guideline value for Bharathi Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,960 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median of Rs 2,310 per sq.ft. The guideline value of Bharathi Nagar Main Road is above this median.

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 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Perungalathur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value helps determine the official value of the transaction, ensuring that the appropriate taxes are collected based on this value. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating duties.

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 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Bharathi Nagar Extn at Rs 2,970 per sq.ft, Bharathiyar Street at Rs 1,980 per sq.ft, and Bharathi Avenue Extension at Rs 4,290 per sq.ft, among others.

What is the registration fee for property in Bharathi Nagar Main Road?

The registration fee for property in Bharathi Nagar Main Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,60,000 incurs a registration fee of Rs 79,200 at 2%.

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

The Sub Registrar Office covering Bharathi Nagar Main Road is located at Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.