Guideline Value for BHARATH CROSS STREET

Bharath Cross Street guideline value

The current guideline value of Bharath Cross Street is Rs 3,320 per sq.ft, effective from 1 July 2024. This street is located in Medavakkam village, under the Chennai South Joint I SRO, and is classified as Commercial Special Type - II.

How the guideline value of Bharath Cross Street has changed

The guideline value for Bharath Cross Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 3,015 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 3,320 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Bharath Cross Street's 2024 guideline value is above this median.

• Bharathi 2nd Street: Rs 1,540 per sq.ft (2024)
• Bharathi 3rd Street: Rs 1,540 per sq.ft (2024)
• Bhagavathi Nagar: Rs 2,200 per sq.ft (2024)
• Bharathi Ist Street: Rs 1,540 per sq.ft (2024)
• Bell Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Bell Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharath Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,320 per sq.ft, the guideline value amounts to Rs 33,20,000. The stamp duty at 7% would be Rs 2,32,400, and the registration fee at 2% would be Rs 66,400, bringing the total to Rs 2,98,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Bharath Cross Street?

The Sub Registrar Office that covers Bharath Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process when buying or selling property in Medavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Bharath Cross Street?

The current guideline value of Bharath Cross Street is Rs 3,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 3,015 per sq.ft to Rs 3,320 per sq.ft in 2024, marking a 10% increase over this period.

What is the land classification of Bharath Cross Street?

Bharath Cross Street is classified as Commercial Special Type - II, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Bharath Cross Street?

The Sub Registrar Office for Bharath Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,20,000 would incur a stamp duty of Rs 2,32,400 at 7%.