Guideline Value for Bharathi Cross Street

Bharathi Cross Street guideline value

The current guideline value of Bharathi Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Bharathi Cross Street has changed

The guideline value for Bharathi Cross Street has undergone several revisions over the years. In 2017, the value was Rs 1,206 per sq.ft. It increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making Bharathi Cross Street's 2024 figure below that median.

• Bharaniputhur Road: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar: Rs 2,200 per sq.ft (2024)
• Bharathiyar Cross Street: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street (Agaragaram): Rs 1,980 per sq.ft (2024)
• Balakrishna Nagar: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Extn: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bharathi Cross Street?

The Bharathi Cross Street falls under the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a critical factor when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Bharathi Cross Street?

The current guideline value of Bharathi Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Bharathi Cross Street?

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Which registration office covers Bharathi Cross Street?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, covers Bharathi Cross Street.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that all parties are aware of their financial obligations when buying or selling property in the area.