Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Pulikoradu village under the Tambaram Joint 1 SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Bharathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, when it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% rise. The latest revision in 2024 saw another increase to Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 880 per sq.ft, indicating that the guideline value for Bharathi Nagar is above this median.

• Bharathi Nagar Ext: Rs 1,650 per sq.ft (2024)
• Bharathiyar Street: Rs 880 per sq.ft (2024)
• Burma Colony: Rs 880 per sq.ft (2024)
• Burma colony 1st nagar: Rs 880 per sq.ft (2024)
• Burma colony 2nd nagar: Rs 880 per sq.ft (2024)
• Burma colony 3rd nagar: Rs 880 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathi Nagar?

The Bharathi Nagar area falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, 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 Pulikoradu

The guideline value is crucial when buying or selling property in Pulikoradu, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When you engage in a property transaction, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a baseline for negotiations and ensures that all parties are aware of the minimum value set by the authorities.

Frequently asked questions

What is the current guideline value for Bharathi Nagar?

The current guideline value for Bharathi Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting at Rs 1,500, dropping to Rs 1,005 in 2017, rising to Rs 1,500 in 2023, and finally reaching Rs 1,650 in 2024.

What is the land classification of Bharathi Nagar?

Bharathi Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What are the other streets with guideline values in Pulikoradu?

Other streets in Pulikoradu under the Tambaram Joint 1 SRO include Bharathi Nagar Ext at Rs 1,650 per sq.ft, Bharathiyar Street, and various streets in the Burma Colony area, all listed with their respective values.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.