Guideline Value for Bharathi Nagar

Bharathi Nagar guideline value

The current guideline value of Bharathi Nagar, located in Aangadu village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. Starting from Rs 119 per sq.ft in 2002, it increased to Rs 13 per sq.ft in 2003, a change of -89%. The value then rose significantly to Rs 100 per sq.ft in 2007, marking an increase of 669%. In 2012, the guideline value was Rs 200 per sq.ft, reflecting a 100% increase from the previous revision. However, in 2017, it dropped to Rs 134 per sq.ft, a decrease of 33%. The value then increased to Rs 200 per sq.ft in 2023, followed by a rise to Rs 220 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 85%. The register has no figures for the years between these revisions for this street.

Guideline values in Aangadu

Aangadu village has 23 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,200 per sq.ft, with a median value of Rs 275 per sq.ft. Bharathi Nagar's current value is below this median.

• Annai Rajammal Nagar: Rs 275 per sq.ft (2024)
• Gandhi Street: Rs 275 per sq.ft (2024)
• Marutham Royal Park Phase-1: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-2: Rs 1,200 per sq.ft (2024)
• Marutham Royal Park Phase-4: Rs 1,200 per sq.ft (2024)
• Muthumariamman Koil 2nd Street: Rs 275 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 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Aangadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Bharathi Nagar?

The current guideline value of Bharathi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 119 per sq.ft in 2002 to Rs 220 per sq.ft in 2024, showing an overall increase of 85% over this period.

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

Other streets in Aangadu include Annai Rajammal Nagar and Gandhi Street at Rs 275 per sq.ft, and several phases of Marutham Royal Park at Rs 1,200 per sq.ft in 2024.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 19,800.

Where is the Sub Registrar Office for Bharathi Nagar located?

The Sub Registrar Office for Bharathi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.