Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Kilambakkam village and is governed by the Gooduvancheri SRO. The land classification for this region is Mixed Special Type - I.

How the guideline value of Bharathi Nagar has changed

Looking at the historical revisions, the guideline value for Bharathi Nagar was Rs 2,000 per sq.ft in 2012. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%.

Overall, comparing the values from 2012 to 2023, there has been no change in the guideline value, remaining at Rs 2,000 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Bharathi Nagar is one of the streets under the jurisdiction of 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 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty, charged at 7%, would be Rs 1,40,000, while the registration fee at 2% would be Rs 40,000, bringing the total cost to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

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, Guduvanchery-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 Kilambakkam

When buying or selling property in Kilambakkam, the guideline value is a critical factor during the registration process. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

The guideline value helps maintain transparency in property transactions, as it reflects the government’s assessment of land values in the area. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration of their property.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 2,000 per sq.ft in 2012, decreased to Rs 1,340 per sq.ft in 2017, and then returned to Rs 2,000 per sq.ft in 2023.

What is the registration office for Bharathi Nagar?

The registration office that covers Bharathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Bharathi Nagar?

Stamp duty in Bharathi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,40,000.

What is the land classification of Bharathi Nagar?

The land classification for Bharathi Nagar is Mixed Special Type - I, which indicates the type of development and usage permitted in the area.