Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 1,195 per sq.ft, as per the 2023 revision. This area falls under Ayyencheri village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value of Bharathi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 440 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 127%. However, from 2012 to 2017, there was a decrease of 20%, bringing the value down to Rs 800 per sq.ft. The most recent revision in 2023 set the guideline value at Rs 1,195 per sq.ft, reflecting a substantial increase of 49% from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 172%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Ayyencheri

The guideline values for Ayyencheri are not specified for other streets. Currently, Bharathi Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty, charged at 7%, would be Rs 83,650, while the registration fee at 2% would be Rs 23,900, together totaling Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, 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 Ayyencheri

The guideline value plays a crucial role during the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

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

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 440 per sq.ft in 2007 to Rs 1,195 per sq.ft in 2023, reflecting an overall increase of 172% over the years.

What is the stamp duty rate for property in Bharathi Nagar?

The stamp duty rate for property in Bharathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

No specific guideline values are provided for other streets in Ayyencheri; Bharathi Nagar is currently the only street mentioned.