Guideline Value for Bharathiyar 8th St (Kanu Nagar) NP

Bharathiyar 8th St (Kanu Nagar) NP guideline value

The current guideline value of Bharathiyar 8th St (Kanu Nagar) NP is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Bharathiyar 8th St (Kanu Nagar) NP has changed

The guideline value for Bharathiyar 8th St (Kanu Nagar) NP 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 2017. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Bharathiyar 8th St (Kanu Nagar) NP below this median.

• Bharathiyar Colony (1st Avenue): Rs 11,000 per sq.ft (2024)
• Bharathi Street (W.M): Rs 5,500 per sq.ft (2024)
• Bharathi Street (M.G.R. Nagar): Rs 3,300 per sq.ft (2024)
• Bharathi Street (JPT) Pari Nagar: Rs 4,400 per sq.ft (2024)
• Bharathipuram: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar (NP): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 8th St (Kanu Nagar) NP

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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 duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar 8th St (Kanu Nagar) NP?

The Sub Registrar Office covering Bharathiyar 8th St (Kanu Nagar) NP is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the fees, ensuring that the amount reflects the official valuation of the property. Buyers and sellers should be aware of these values to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Bharathiyar 8th St (Kanu Nagar) NP?

The current guideline value of Bharathiyar 8th St (Kanu Nagar) NP 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 Bharathiyar 8th St (Kanu Nagar) NP?

The land classification for Bharathiyar 8th St (Kanu Nagar) NP is Residential Class V Type - I.

What are the stamp duty and registration fees for property in Bharathiyar 8th St (Kanu Nagar) NP?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,54,000, and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Bharathiyar 8th St (Kanu Nagar) NP located?

The Sub Registrar Office for Bharathiyar 8th St (Kanu Nagar) NP is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).