Guideline Value for Bharathi Cross Street

Bharathi Cross Street guideline value

The current guideline value of Bharathi Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village, under the Alandur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bharathi Cross Street has changed

The guideline value for Bharathi Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 172 per sq.ft. This increased to Rs 193 per sq.ft in 2003, marking a change of +12%. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, which translates to a remarkable increase of +418%. Following this, the value was revised to Rs 2,500 per sq.ft in 2012, reflecting a decrease of -33%. In 2017, the guideline value rose again to Rs 1,675 per sq.ft, which was a +49% increase from the previous revision. By 2023, the value reached Rs 2,500 per sq.ft, and in the latest revision for 2024, it stands at Rs 2,800 per sq.ft, showing an increase of +12% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1528%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,800 per sq.ft, which is equal to the current guideline value of Bharathi Cross Street.

• Bharathidasan Street: Rs 2,800 per sq.ft (2024)
• Bhaghat Singh Street: Rs 2,800 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Bhavani Colony / Venkatesa Nagar: Rs 2,800 per sq.ft (2024)
• Balammal Nagar Road: Rs 2,800 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 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bharathi Cross Street?

The Sub Registrar Office that covers Bharathi Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ullagaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When a property is bought or sold, the guideline value is used to assess the financial obligations associated with the transaction. This ensures that the necessary fees are calculated accurately based on the established rates.

Frequently asked questions

What is the current guideline value of Bharathi Cross Street?

The current guideline value of Bharathi Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 172 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, which is an overall increase of +1528%.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office covers this area?

The Alandur Sub Registrar Office covers Bharathi Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Bharathi Cross Street?

The land classification for Bharathi Cross Street is Residential Class II Type - I, indicating its suitability for residential developments.