Guideline Value for Bharthi Nagar 3rd Street

Bharthi Nagar 3rd Street guideline value

The current guideline value of Bharthi Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Bharthi Nagar 3rd Street has changed

The guideline value for Bharthi Nagar 3rd Street has seen significant changes over the years. In 2003, the value was Rs 487 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 105% rise. By 2012, the value had jumped to Rs 4,000 per sq.ft, reflecting a substantial increase of 300% from the previous revision. The register has no figures for the years 2002, 2017, and 2023.

From 2012 to 2024, the guideline value rose by 10%, reaching Rs 4,400 per sq.ft. Overall, from 2003 to 2024, there has been an increase of 803% in the guideline value for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village has 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Bharthi Nagar 3rd Street above this median.

• Bharthi Nagar 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharthi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharthi Nagar 3rd Street?

The Sub Registrar Office covering Bharthi Nagar 3rd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bharthi Nagar 3rd Street?

The current guideline value of Bharthi Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 487 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 803% over the years.

What are the other streets in Zaminpallavaram with the same guideline value?

Several other streets in Zaminpallavaram also have a guideline value of Rs 4,400 per sq.ft in 2024, including Bharthi Nagar 3rd Cross Street, 4th Cross Street, 2nd Street, 4th Street, 2nd Cross Street, and Cross Street.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bharthi Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 at the current guideline value.