Guideline Value for Bharathi Nagar Namazhvar Street

Bharathi Nagar Namazhvar Street guideline value

The current guideline value of Bharathi Nagar Namazhvar Street is Rs 1,320 per sq.ft. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharathi Nagar Namazhvar Street has changed

The guideline value for Bharathi Nagar Namazhvar Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The significant changes observed between the revisions highlight the growth in the guideline value, particularly a 49% increase from 2017 to 2023.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is the same as the current guideline value for Bharathi Nagar Namazhvar Street.

• Bharathi Nagar M.G.R Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Annai Indra Nagar: Rs 1,320 per sq.ft (2024)
• Bharathi Street Sanmuga Nagar: Rs 1,320 per sq.ft (2024)
• Bharathi Nagar: Rs 1,320 per sq.ft (2024)
• Bharathithasan Street: Rs 1,320 per sq.ft (2024)
• Bharathiyar 1st Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Namazhvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Nagar Namazhvar Street?

The Bharathi Nagar Namazhvar Street falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted at a fair price.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are proportionate to the value of the property being transferred, providing a transparent process for all parties involved.

Frequently asked questions

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

The current guideline value of Bharathi Nagar Namazhvar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for Bharathi Nagar Namazhvar Street?

The registration office for Bharathi Nagar Namazhvar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Pozhichalur?

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 rate would incur a stamp duty of Rs 92,400.

What are the other guideline values in Pozhichalur?

Other streets in Pozhichalur have varying guideline values, with rates ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which aligns with the guideline value of Bharathi Nagar Namazhvar Street.