Guideline Value for Bharathidasan Nagar

Bharathidasan Nagar guideline value

The current guideline value of Bharathidasan Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Bharathidasan Nagar has changed

The guideline value for Bharathidasan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 2,200 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

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

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Bharathidasan Nagar's 2024 figure below the median.

• Bharathidasan Nagar Prathana Main Road: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathidasan Nagar?

The Sub Registrar Office covering Bharathidasan Nagar 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 plays a crucial role during the registration of property transactions in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. It is essential to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathidasan Nagar?

The current guideline value of Bharathidasan Nagar 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Bharathidasan Nagar?

Bharathidasan Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000 based on the current guideline value.

Where is the Sub Registrar Office for Bharathidasan Nagar located?

The Sub Registrar Office for Bharathidasan Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.