Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Sevilimadu - A, under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Bharathi Nagar.

• Bangaru Amman Colony: Rs 1,100 per sq.ft (2024)
• Brindavan Garden: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Azhaganandam Nagar: Rs 1,100 per sq.ft (2024)
• Chinnaiyan Nagar: Rs 1,100 per sq.ft (2024)
• Chinna Kanni Nagar: Rs 875 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area is covered by the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in the registration process of property transactions in Sevilimadu - A. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs involved in property transactions. Knowing the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What are the other streets in Sevilimadu - A with the same guideline value?

Other streets in Sevilimadu - A, such as Bangaru Amman Colony, Brindavan Garden, Balaji Nagar, Azhaganandam Nagar, and Chinnaiyan Nagar, also have a guideline value of Rs 1,100 per sq.ft in 2024.

What fees are associated with buying property in Bharathi Nagar?

When buying property in Bharathi Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 1,100 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for Bharathi Nagar?

The Sub Registrar Office covering Bharathi Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.