Guideline Value for Bharathiyar 1st Cross

Bharathiyar 1st Cross guideline value

The current guideline value of Bharathiyar 1st Cross in Moovarasampattu village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Alandur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bharathiyar 1st Cross has changed

The guideline value for Bharathiyar 1st Cross has undergone several revisions over the years. In 2002, the value was Rs 171 per sq.ft, which increased to Rs 188 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 400 per sq.ft in 2007, reflecting a 113% increase. By 2012, the value was Rs 3,000 per sq.ft, a decrease of 33% from the previous revision. The guideline value was revised to Rs 2,010 per sq.ft in 2017, which was a 49% increase from 2012. The most recent revision in 2023 set the value at Rs 3,000 per sq.ft, and the current figure of Rs 3,300 per sq.ft in 2024 represents a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,830%. The register has no figures for revisions in years other than those specified.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 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 is Rs 3,300 per sq.ft, and Bharathiyar 1st Cross aligns with this median.

• Bharathiyar 2nd Cross: Rs 3,300 per sq.ft (2024)
• Bharathiyar First Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bhavani Street(Ganga Nagar): Rs 3,300 per sq.ft (2024)
• Brahmaputhira Street: Rs 3,300 per sq.ft (2024)
• Balaya Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. The total cost for these fees would be Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar 1st Cross?

The Sub Registrar Office that covers Bharathiyar 1st Cross 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 Moovarasampattu

The guideline value plays a crucial role during the registration of property transactions in Moovarasampattu. It serves as the benchmark for calculating the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently. Buyers and sellers must refer to the latest guideline value to understand the financial implications of their property dealings.

When purchasing property, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to ensure compliance with legal requirements during the transfer of ownership.

Frequently asked questions

What is the current guideline value of Bharathiyar 1st Cross?

The current guideline value of Bharathiyar 1st Cross is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 171 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 1,830%.

What is the land classification for Bharathiyar 1st Cross?

Bharathiyar 1st Cross is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Bharathiyar 1st Cross located?

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