Guideline Value for Bharathi Nagar Part-I

Bharathi Nagar Part-I guideline value

The current guideline value of Bharathi Nagar Part-I is Rs 300 per sq.ft. This area is located in Kaval Kazhani village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar Part-I has changed

Over the years, the guideline value of Bharathi Nagar Part-I has seen several revisions. The earliest revision available is from 2012, where the value was Rs 300 per sq.ft. In 2017, it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, it rebounded to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years. The overall change from 2012 to 2024 is 0%.

From 2017 to 2023, the value increased significantly by 49%, returning to the 2012 figure of Rs 300 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaval Kazhani

Kaval Kazhani village has a range of guideline values across its 20 streets, with the 2024 figures ranging from Rs 226 to Rs 1,550 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the 2024 guideline value for Bharathi Nagar Part-I.

• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bharathi Avenue Phase-I to V: Rs 400 per sq.ft (2024)
• JeiGanesh Nagar: Rs 300 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Ramasubbu Nagar: Rs 226 per sq.ft (2024)
• R.S Avenue: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bharathi Nagar Part-I?

The Sub Registrar Office that covers Bharathi Nagar Part-I is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kaval Kazhani. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the government.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Part-I?

The current guideline value of Bharathi Nagar Part-I is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the 2023 and 2024 revisions, with a significant increase of 49% from 2017 to 2023. The value decreased to Rs 201 per sq.ft in 2017 from Rs 300 in 2012.

What is the land classification of Bharathi Nagar Part-I?

Bharathi Nagar Part-I is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Bharathi Nagar Part-I is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft would incur a total stamp duty of Rs 21,000, along with a registration fee of Rs 6,000.