Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Urapakkam village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Bharathi Nagar has changed

In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,200 per sq.ft, marking an increase of 118%. However, in the 2017 revision, the guideline value decreased to Rs 804 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Bharathi Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with guideline values.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, which totals Rs 84,000, and the registration fee is charged at 2%, amounting to Rs 24,000. Together, the total cost for stamp duty and registration fee would be Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Gooduvancheri Sub Registrar Office covers Bharathi Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that both the buyer and seller are aware of the official valuation of the property.

When a property is sold, the guideline value helps determine the legal documentation and fees required for the transaction. It is essential for buyers and sellers to be informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 118% overall, with specific changes of +118% from 2007 to 2012, -33% from 2012 to 2017, and +49% from 2017 to 2023.

What is the land classification for Bharathi Nagar?

The land classification for Bharathi Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated in Bharathi Nagar?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000, resulting in a total fee of Rs 1,08,000 for both stamp duty and registration.