Guideline Value for Bharathi Nagar Part-I

Bharathi Nagar Part-I guideline value

The current guideline value of Bharathi Nagar Part-I is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for Bharathi Nagar Part-I has undergone several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, by 2023, the value increased by 50% to Rs 250 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft, indicating no net change over this period.

Guideline values in Koozhangacheri

Koozhangacheri has a total of 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 226 per sq.ft, making Bharathi Nagar Part-I's current value of Rs 250 per sq.ft above the median.

• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)
• Dhanapriya Nagar: Rs 226 per sq.ft (2024)
• Aravindha Avenue: Rs 226 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)

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

For a plot of 1,000 sq.ft at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 250 per sq.ft in both 2023 and 2024. It was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

What is the land classification for 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 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?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.