Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Nemili_B village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Bharathi Nagar has changed

In the 2017 revision, the guideline value for Bharathi Nagar was Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 200 per sq.ft. The guideline value saw no increase from 2023 to 2024, maintaining the rate at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the same rate of Rs 200 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Bharathi Nagar's current guideline value of Rs 200 per sq.ft is below this median.

• Bharathiyar Street: Rs 150 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 per sq.ft (2024)
• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bangaru Ammal Nagar: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Chellaperumal Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted transparently and fairly according to the prescribed rates.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 134 per sq.ft to Rs 200 per sq.ft.

What is the median guideline value in Nemili_B?

The median guideline value in Nemili_B is Rs 250 per sq.ft, with Bharathi Nagar's current value being below this median.

What fees are associated with buying property in Bharathi Nagar?

When buying property in Bharathi Nagar, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Sub Registrar Office for Bharathi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.