Guideline Value for Bharathi Nagar Yamuna Street

Bharathi Nagar Yamuna Street guideline value

The current guideline value of Bharathi Nagar Yamuna Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tharamani village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Bharathi Nagar Yamuna Street has changed

The guideline value for Bharathi Nagar Yamuna Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, and the latest revision in 2024 has raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

To summarize the changes, the guideline value rose from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median value is Rs 2,800 per sq.ft, placing Bharathi Nagar Yamuna Street's 2024 figure below this median.

• Bharathi Nagar Thapathi Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Thamirabarani Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Saraswathi Street: Rs 2,200 per sq.ft (2024)
• Bharathi Street: Rs 2,800 per sq.ft (2024)
• Bharathi Nagar Ponni Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Kaveri Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, resulting in Rs 1,54,000, while the registration fee at 2% is Rs 44,000. Therefore, the total cost incurred for stamp duty and registration fees together is Rs 1,98,000. 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 Yamuna Street?

The Bharathi Nagar Yamuna Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Tharamani. When buying or selling property, this value is considered for calculating stamp duty and registration fees, ensuring that the transaction is registered at a value that reflects the current market conditions as per the government's assessment.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps in determining the financial implications of the transaction, including the applicable taxes and fees.

Frequently asked questions

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

The current guideline value of Bharathi Nagar Yamuna Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Bharathi Nagar Yamuna Street?

Bharathi Nagar Yamuna Street is classified as Residential Class III Type - I.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price, with the current rate being 7% for stamp duty and 2% for the registration fee.