Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Kerugambakkam village under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II 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 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Notably, the overall change from 2017 to 2024 is a significant 64% increase.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions indicate a 49% increase from 2017 to 2023, reflecting a steady rise in the guideline value over the years.

Guideline values in Kerugambakkam

In Kerugambakkam, a total of 144 streets are covered under the Pammal SRO, with guideline values ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which aligns with the current guideline value of Bharathi Nagar.

• Bharathi Cross Street: Rs 1,980 per sq.ft (2024)
• Bharathiyar Cross Street: Rs 1,980 per sq.ft (2024)
• Bharaniputhur Road: Rs 2,200 per sq.ft (2024)
• Bharathiyar Street (Agaragaram): Rs 1,980 per sq.ft (2024)
• Balakrishna Nagar: Rs 2,200 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to 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.

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

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the minimum value of a property during registration, ensuring that the transactions are recorded at a fair price according to government standards.

When registering a property, the guideline value will influence the stamp duty and registration fees payable. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar 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 increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the range of guideline values in Kerugambakkam?

In Kerugambakkam, the guideline values range from Rs 1,100 to Rs 4,800 per sq.ft, with the median value being Rs 2,200 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000.