Guideline Value for Bhakathvachalam Nagar 3rd Cross Street

Bhakathvachalam Nagar 3rd Cross Street guideline value

The current guideline value of Bhakathvachalam Nagar 3rd 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 3rd Cross Street has changed

The guideline value for Bhakathvachalam Nagar 3rd Cross Street has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,407 per sq.ft in 2017, marking an increase of 369%. The value continued to rise to Rs 2,099 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The latest revision in 2024 set the value at Rs 2,350 per sq.ft, representing a 12% increase from 2023.

It is important to note that the register does not provide figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 818%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, indicating that Bhakathvachalam Nagar 3rd Cross Street's 2024 figure is above this median.

• Bhakathvachalam Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Bhakathvachalam Nagar 1st Cross Street: 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 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total 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. It is important to 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 3rd Cross Street?

The Sub Registrar Office that covers Bhakathvachalam Nagar 3rd 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 for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bhakathvachalam Nagar 3rd Cross Street?

The current guideline value of Bhakathvachalam Nagar 3rd 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 increased from Rs 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 818% over this period.

What are the stamp duty and registration fees for 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 Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Bhakathvachalam Nagar 3rd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Bhakathvachalam Nagar 3rd Cross Street?

Bhakathvachalam Nagar 3rd Cross Street is classified as Residential Class III Type - I.