Guideline Value

Corporate

Guideline Value for Bharthi Nagar Main Road

₹4400/sq.ft.

The guideline value for Bharthi Nagar Main Road in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹487 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bharthi Nagar Main Road

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Bharthi Nagar Main Road guideline value

The current guideline value of Bharthi Nagar Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village under the Pallavaram SRO, and it falls under the Commercial Class I Type - III land classification.

How the guideline value of Bharthi Nagar Main Road has changed

The guideline value for Bharthi Nagar Main Road has seen several revisions over the years. In 2003, the value was Rs 487 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following this, there was a significant jump to Rs 4,000 per sq.ft in 2012, but then it decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft. Notably, there is no figure for this street in the 2002 revision.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 was 10%. The value saw a remarkable increase of 300% from 2007 to 2012, and from 2003 to 2007, it rose by 105%. Overall, the guideline value has increased by 803% from 2003 to 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Bharthi Nagar Main Road's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Bharthi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharthi Nagar Main Road?

The Sub Registrar Office that covers Bharthi Nagar Main Road 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 details.

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 serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer or seller engages in a property transaction, the guideline value helps to establish the legal framework for the sale. It ensures transparency and fairness in the registration process, as all parties are aware of the minimum value set by the government for the respective property.

Frequently asked questions

What is the current guideline value of Bharthi Nagar Main Road?

The current guideline value of Bharthi Nagar Main Road 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 changed significantly from Rs 487 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various revisions over the years reflecting increases and one decrease.

What is the land classification for Bharthi Nagar Main Road?

Bharthi Nagar Main Road is classified as Commercial Class I Type - III, which indicates its suitability for commercial activities.

Where can I find the registration office for Bharthi Nagar Main Road?

The registration office for Bharthi Nagar Main Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Bharthi Nagar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.