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Guideline Value

Corporate

Guideline Value for Bharthi Nagar 1st Cross Street

₹4400/sq.ft.

The guideline value for Bharthi Nagar 1st Cross Street in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹487 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bharthi Nagar 1st Cross Street

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Bharthi Nagar 1st Cross Street guideline value

The current guideline value of Bharthi Nagar 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Bharthi Nagar 1st Cross Street has changed

The guideline value for Bharthi Nagar 1st Cross Street has seen significant changes over the years. In 2003, the value was Rs 487 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 105% increase. By 2012, the value rose dramatically to Rs 4,000 per sq.ft, showing a 300% increase from the 2007 figure. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from 2012.

It is important to note that there are no figures available for the years 2023, 2017, and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 803%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing the 2024 figure for Bharthi Nagar 1st Cross Street above this median.

Stamp duty and registration fee for property in Bharthi Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees together to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharthi Nagar 1st Cross Street?

The Sub Registrar Office that covers Bharthi Nagar 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Zaminpallavaram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value as it can significantly impact the overall costs involved in property transactions. Understanding these values helps in making informed decisions during the buying and selling process.

Frequently asked questions

What is the current guideline value of Bharthi Nagar 1st Cross Street?

The current guideline value of Bharthi Nagar 1st Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 487 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 803% over this period.

What is the land classification of Bharthi Nagar 1st Cross Street?

Bharthi Nagar 1st Cross Street is classified as Commercial Class I Type - III.

Where can I find the registration office for Bharthi Nagar 1st Cross Street?

The registration office for Bharthi Nagar 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the stamp duty for properties in Bharthi Nagar 1st Cross Street?

The stamp duty for properties in Bharthi Nagar 1st Cross Street is 7% of the guideline value or sale price, whichever is higher.