Guideline Value for SRI BHARATHI NAGAR

Sri Bharathi Nagar guideline value

The current guideline value of Sri Bharathi Nagar, located in Vaiyavoor village under the Madurandakam SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - I land classification.

How the guideline value of Sri Bharathi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a drop of 33%. Following this, the value significantly increased to Rs 200 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 figure. The 2024 revision has maintained this value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value shows no net change.

Guideline values in Vaiyavoor

In Vaiyavoor, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 800 per sq.ft. The median value is Rs 200 per sq.ft, placing Sri Bharathi Nagar's 2024 figure at the same level as this median.

• Sri Padmavathy Nagar: Rs 150 per sq.ft (2024)
• Sri Venkateshwara Nagar Phase-I&ii: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar Ph I &ii: Rs 500 per sq.ft (2024)
• Guberamangala Nagar: Rs 100 per sq.ft (2024)
• Alangar Gateway City: Rs 150 per sq.ft (2024)
• Sri Padhmavathy Nagar Anex: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bharathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bharathi Nagar?

The Madurandakam Sub Registrar Office covers Sri Bharathi Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Vaiyavoor, as it determines the minimum value at which a property must be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Bharathi Nagar?

The current guideline value of Sri Bharathi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with Rs 200 per sq.ft in 2012, dropping to Rs 134 per sq.ft in 2017, and then rising back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Sri Bharathi Nagar?

Sri Bharathi Nagar is classified as Residential Special Type - I under the land classification system.

What are the stamp duty and registration fees for properties in Sri Bharathi Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 18,000.

Which Sub Registrar Office covers Sri Bharathi Nagar?

The Madurandakam Sub Registrar Office covers Sri Bharathi Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.