Guideline Value for Bharathidasan Nagar Prathana Main Road

Bharathidasan Nagar Prathana Main Road guideline value

The current guideline value of Bharathidasan Nagar Prathana Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bharathidasan Nagar Prathana Main Road has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was later reduced to Rs 1,340 per sq.ft in the 2017 revision. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. It should be noted that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Bharathidasan Nagar Prathana Main Road below the median.

• Bharathidasan Nagar: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar Jothi Nagar Ext: Rs 2,200 per sq.ft (2024)
• Bhagavathsingh Street: Rs 3,300 per sq.ft (2024)
• Bhagavandas street: Rs 4,400 per sq.ft (2024)
• Bethdhel puram: Rs 1,320 per sq.ft (2024)
• Bemaswaran Koil St: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidasan Nagar Prathana Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharathidasan Nagar Prathana Main Road?

The Sub Registrar Office that covers Bharathidasan Nagar Prathana Main Road is 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 Tambaram

The guideline value is a crucial factor when registering property transactions in Tambaram. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar Prathana Main Road?

The current guideline value of Bharathidasan Nagar Prathana Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,000 per sq.ft in 2012, Rs 1,340 per sq.ft in 2017, Rs 2,000 per sq.ft in 2023, and finally Rs 2,200 per sq.ft in 2024.

What is the land classification for this area?

Bharathidasan Nagar Prathana Main Road is classified as Residential Class I Type - II.

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

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

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