Guideline Value for Bharathiyar Cross Street

Bharathiyar Cross Street guideline value

The current guideline value of Bharathiyar Cross Street is Rs 1,980 per sq.ft. It is located in Kerugambakkam village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Bharathiyar Cross Street has changed

The guideline value for Bharathiyar Cross Street has seen several revisions over the years. The oldest registered figure is from 2017, at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 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, with a median value of Rs 2,200 per sq.ft. Bharathiyar Cross Street's current value of Rs 1,980 per sq.ft is below this median.

• Bharathiyar Street (Agaragaram): Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 2,200 per sq.ft (2024)
• Bharathi Cross Street: Rs 1,980 per sq.ft (2024)
• Bharaniputhur Road: Rs 2,200 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 per sq.ft (2024)
• Bst's Sarada City: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Bharathiyar 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, leading to a total of 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bharathiyar Cross Street?

The Sub Registrar Office that covers Bharathiyar 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 Kerugambakkam

The guideline value plays a crucial role during the registration of property transactions in Kerugambakkam. It is used to determine the stamp duty and registration fees that need to be paid to the government at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Bharathiyar Cross Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, representing an overall increase of 64%.

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

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

Which Sub Registrar Office is responsible for Bharathiyar Cross Street?

The Pammal Sub Registrar Office is responsible for Bharathiyar Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Bharathiyar Cross Street?

Bharathiyar Cross Street falls under the Residential Class II Type - II land classification.