Guideline Value for Bharathidhasan Nagar

Bharathidhasan Nagar guideline value

The current guideline value of Bharathidhasan Nagar, located in Umaiyal Parancheri village under the Sunguvarchattram SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class I Type - I.

How the guideline value of Bharathidhasan Nagar has changed

Over the years, the guideline value for Bharathidhasan Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision. 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 return to the 2012 level in 2023 with no overall change from 2012 to 2024. The guideline value has thus stabilized at Rs 250 per sq.ft since 2023.

Guideline values in Umaiyal Parancheri

In Umaiyal Parancheri, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft, with a median of Rs 200 per sq.ft. Bharathidhasan Nagar's 2024 figure is above this median.

• Arul Estate: Rs 250 per sq.ft (2024)
• Erikkarai Street: Rs 175 per sq.ft (2024)
• Ambethkar Street: Rs 175 per sq.ft (2024)
• Issai Estate: Rs 250 per sq.ft (2024)
• Kanniamman Kovil Street: Rs 175 per sq.ft (2024)
• L.K.S Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathidhasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Bharathidhasan Nagar?

The Sub Registrar Office that covers Bharathidhasan Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Umaiyal Parancheri. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the official value set by the registration department.

When a property is sold, the guideline value serves as a benchmark for the transaction, and it is essential for buyers and sellers to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bharathidhasan Nagar?

The current guideline value of Bharathidhasan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, remaining at Rs 250 per sq.ft in 2012, 2023, and 2024, with a drop to Rs 167 per sq.ft in 2017 before returning to Rs 250 per sq.ft.

What is the land classification for Bharathidhasan Nagar?

Bharathidhasan Nagar is classified as Residential Class I Type - I, 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 charged at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 22,500.

Where can I find the Sub Registrar Office for Bharathidhasan Nagar?

The Sub Registrar Office for Bharathidhasan Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.