Guideline Value for Bhakathvachalam Nagar 1st Cross Street

Bhakathvachalam Nagar 1st Cross Street guideline value

The current guideline value of Bhakathvachalam Nagar 1st Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Bhakathvachalam Nagar 1st Cross Street has changed

The guideline value for Bhakathvachalam Nagar 1st Cross Street has seen significant changes over the years. In the 2003 revision, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, followed by a further increase to Rs 2,099 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 818%. The revisions for 2012 and 2002 do not have figures listed for this street in the register.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Bhakathvachalam Nagar 1st Cross Street is above this median.

• Bhakathvachalam Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 3rd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Street: Rs 2,350 per sq.ft (2024)
• Bazar Street: Rs 1,760 per sq.ft (2024)
• Bharathiya Desiya Sangam Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Bhakathvachalam Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 2,350 per sq.ft, the guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, totaling Rs 2,11,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhakathvachalam Nagar 1st Cross Street?

The Sub Registrar Office that covers Bhakathvachalam Nagar 1st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented accurately according to the state's regulations.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the stamp duty will still be calculated based on the guideline value.

Frequently asked questions

What is the current guideline value of Bhakathvachalam Nagar 1st Cross Street?

The current guideline value of Bhakathvachalam Nagar 1st Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, which represents an overall increase of 818% over this period.

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

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500, and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which office handles the registration for Bhakathvachalam Nagar 1st Cross Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, is responsible for handling registrations for Bhakathvachalam Nagar 1st Cross Street.

What classification does Bhakathvachalam Nagar 1st Cross Street fall under?

Bhakathvachalam Nagar 1st Cross Street is classified as Residential Class III Type - I according to the guideline value register.