Guideline Value

Corporate

Guideline Value for Bharathi Nagar

₹3300/sq.ft.

The guideline value for Bharathi Nagar in Pallipattu village (Adayar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1001 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹915 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bharathi Nagar

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Bharathi Nagar guideline value

The current guideline value for Bharathi Nagar, located in Pallipattu village under the Adayar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class IV Type - III.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen significant changes over the years. In 2002, the value was Rs 915 per sq.ft, which increased to Rs 1,001 per sq.ft in 2003. Following this, the value rose to Rs 1,750 per sq.ft in 2007, marking a 75% increase from the previous year. The 2012 revision saw the value at Rs 3,000 per sq.ft, reflecting a 71% increase from 2007. However, in 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of 33% from 2012. The guideline value then climbed to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 261%. The register does not have figures for any other years for this street.

Guideline values in Pallipattu

Pallipattu village has 72 streets under the Adayar SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, placing Bharathi Nagar's current value below this median.

Stamp duty and registration fee for property in Bharathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Nagar?

The Sub Registrar Office that covers Bharathi Nagar is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pallipattu. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value serves as a benchmark for the transaction value. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 915 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 261% over this period.

What are the other streets in Pallipattu with their guideline values?

Other streets in Pallipattu have varying guideline values, with figures ranging from Rs 3,300 to Rs 15,400 per sq.ft. For example, Balaraman Road is valued at Rs 7,700 per sq.ft, while Canal Bank Road is at Rs 9,400 per sq.ft.

What are the stamp duty and registration fees for a property in Bharathi Nagar?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bharathi Nagar?

The Adayar Sub Registrar Office handles registrations for Bharathi Nagar. It is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.