Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Kaval Kazhani village under the Sunguvarchattram SRO, is Rs 300 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bharathi Nagar has changed

The guideline value of Bharathi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back to Rs 300 per sq.ft. The most recent 2024 revision maintains this figure, indicating no change from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 226 to Rs 1,550 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Bharathi Nagar.

• Bharathi Nagar Part-I: Rs 300 per sq.ft (2024)
• Bharathi Avenue Phase-I to V: Rs 400 per sq.ft (2024)
• JeiGanesh Nagar: Rs 300 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)
• Ramasubbu Nagar: Rs 226 per sq.ft (2024)
• R.S Avenue: Rs 226 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office covering Bharathi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kaval Kazhani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value to avoid any discrepancies during registration. This ensures that the government receives the appropriate taxes based on the established guideline value.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by a return to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Bharathi Nagar?

The registration office for Bharathi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bharathi Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.