Guideline Value for Bathrachalam Cross Street

Bathrachalam Cross Street guideline value

The current guideline value of Bathrachalam Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Bathrachalam Cross Street has changed

Since the 2012 revision, the guideline value for Bathrachalam Cross Street has undergone several changes. In 2012, the value was Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. After this decline, the value rose significantly to Rs 3,200 per sq.ft in 2023, and then increased again to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, indicating that the guideline value for Bathrachalam Cross Street is below this median.

• Batrachalam Street: Rs 3,520 per sq.ft (2024)
• Bell Nagar: Rs 3,520 per sq.ft (2024)
• Balamurugan Nagar - Ranganathan Street: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street - 2nd Lane: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street - 1st Lane: Rs 3,960 per sq.ft (2024)
• Balamurugan Nagar Raji Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Bathrachalam Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400, bringing the total cost for these fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bathrachalam Cross Street?

The Sub Registrar Office that covers Bathrachalam Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. The higher of the guideline value or the sale price is considered for calculating these fees.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market standards. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bathrachalam Cross Street?

The current guideline value of Bathrachalam Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for Bathrachalam Cross Street?

Bathrachalam Cross Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,16,800, which includes a stamp duty of Rs 2,46,400 and a registration fee of Rs 70,400.

Which office handles property registrations for Bathrachalam Cross Street?

The Kunrathur Sub Registrar Office is responsible for handling property registrations for Bathrachalam Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.