Guideline Value for Bharathi Street (Gandhi Nagar)

Bharathi Street (Gandhi Nagar) guideline value

The current guideline value of Bharathi Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur Sub Registrar Office, classified as Residential Class I Type - II.

How the guideline value of Bharathi Street (Gandhi Nagar) has changed

The guideline value for Bharathi Street (Gandhi Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 1,700 per sq.ft. This was followed by a significant drop to Rs 1,139 per sq.ft in the 2017 revision. However, the 2023 revision saw a substantial increase to Rs 1,700 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,800 per sq.ft. The changes between these revisions include a 49% increase from 2017 to 2023 and a 6% increase from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharathi Street (Gandhi Nagar) is currently valued below this median.

• Bharathi Street (A.K.A.Nagar): Rs 1,400 per sq.ft (2024)
• Bharathi Street (1, 2, 3 Cross Street V.L. Puram): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Bharathi Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Bharathiyar Street (Ganthi Nagar): Rs 1,800 per sq.ft (2024)
• Bharathiyar Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Street (Gandhi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value would be Rs 18,00,000. The stamp duty at 7% would amount to Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total cost to Rs 1,62,000. 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 details.

Which Sub Registrar Office covers Bharathi Street (Gandhi Nagar)?

The Sub Registrar Office that covers Bharathi Street (Gandhi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value influences the stamp duty and registration fees that must be paid to the government.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Bharathi Street (Gandhi Nagar)?

The current guideline value of Bharathi Street (Gandhi Nagar) is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the land classification for Bharathi Street (Gandhi Nagar)?

Bharathi Street (Gandhi Nagar) is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties in Bharathi Street (Gandhi Nagar)?

For a 1,000 sq.ft property, the total guideline value is Rs 18,00,000, with a stamp duty of Rs 1,26,000 and a registration fee of Rs 36,000, totaling Rs 1,62,000.

Which office handles the registration for Bharathi Street (Gandhi Nagar)?

The Ambattur Sub Registrar Office handles the registration for Bharathi Street (Gandhi Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.