Guideline Value

Corporate

Guideline Value for Bharathi Nagar

₹220/sq.ft.

The guideline value for Bharathi Nagar in Kumanoor village (Redhills SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kumanoor

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹12 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 of Bharathi Nagar, located in Kumanoor village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Bharathi Nagar has changed

The guideline value for Bharathi Nagar has seen several revisions over the years. In 2003, the value was Rs 12 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2007, marking a 733% increase. The value then rose to Rs 200 per sq.ft in 2012, reflecting a 100% increase from the previous revision. However, it decreased to Rs 134 per sq.ft in 2017, a drop of 33%. The value climbed again to Rs 200 per sq.ft in 2023, and finally, it reached Rs 220 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1733%. The register has no figure for Bharathi Nagar for the year 2002.

Guideline values in Kumanoor

In Kumanoor, there are 9 streets under the Redhills SRO that have 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 2024 guideline value is 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 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total charges to Rs 19,800. 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?

Bharathi Nagar is covered by 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 details.

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

The guideline value is a crucial factor in property transactions in Kumanoor. It serves as a benchmark for determining the minimum value of a property during registration. When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees.

When buyers and sellers negotiate a sale price, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the government. This process helps maintain transparency and accountability in property dealings.

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 significantly from Rs 12 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, reflecting an overall increase of 1733% over this period.

What are the stamp duty and registration fees for property transactions?

For a 1,000 sq.ft plot valued at Rs 220 per sq.ft, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800.

Which office handles property registrations in Bharathi Nagar?

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

What is the land classification of Bharathi Nagar?

Bharathi Nagar falls under the Residential Class III Type - I land classification, indicating its suitability for residential development.