Guideline Value for Bharathi Nagar Cross Street

Bharathi Nagar Cross Street guideline value

The current guideline value of Bharathi Nagar Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Bharathi Nagar Cross Street has changed

The guideline value for Bharathi Nagar Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 350% rise. However, in 2017, the value decreased to Rs 3,015 per sq.ft, representing a decline of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, followed by the current rate of Rs 4,900 per sq.ft from the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 390%. It is important to note that there are no figures available for Bharathi Nagar Cross Street for the years 2002 and 2003.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is equal to the current guideline value for Bharathi Nagar Cross Street.

• Bharathi Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Bharathiar Street, Chennai 82 (Venkatesa Nagar): Rs 4,900 per sq.ft (2024)
• Besant Road, Chennai 82: Rs 4,400 per sq.ft (2024)
• Boopathy Nagar: Rs 4,400 per sq.ft (2024)
• Butmedu (G.K.M. Colony) Chennai 82: Rs 2,700 per sq.ft (2024)
• Chakravarthy Colony: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathi Nagar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 further calculations.

Which Sub Registrar Office covers Bharathi Nagar Cross Street?

The Sub Registrar Office that covers Bharathi Nagar Cross Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value serves as a reference point for the government to assess the value of the property for taxation purposes.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded accurately in the official register. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Bharathi Nagar Cross Street?

The current guideline value of Bharathi Nagar Cross Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 390% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 3,43,000 and the registration fee is Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Bharathi Nagar Cross Street?

The AnnaNagar Sub Registrar Office covers Bharathi Nagar Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Bharathi Nagar Cross Street?

Bharathi Nagar Cross Street is classified as Residential Class I Type - III under the AnnaNagar SRO.