Guideline Value for Bharthi Nagar 3rd Cross Street

Bharthi Nagar 3rd Cross Street guideline value

The current guideline value of Bharthi Nagar 3rd 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, classified as Commercial Class I Type - III.

How the guideline value of Bharthi Nagar 3rd Cross Street has changed

Over the years, the guideline value of Bharthi Nagar 3rd Cross Street has seen significant changes. The earliest recorded figure in the register is from 2003, where the guideline value was Rs 487 per sq.ft. This increased to Rs 1,000 per sq.ft in 2007, marking a rise of 105%. By 2012, the value remained stable at Rs 4,000 per sq.ft, and it stayed the same until the 2023 revision. In 2023, it was again Rs 4,000 per sq.ft, showing no change from the previous revision. However, in 2024, the guideline value increased to Rs 4,400 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 803%. Notably, the revisions for the years 2017 and 2002 do not have figures recorded for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are a total of 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Bharthi Nagar 3rd Cross Street above this median.

• Bharthi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 1st Street: Rs 4,400 per sq.ft (2024)
• Bharthi Nagar 4th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bharthi Nagar 3rd 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 amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bharthi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Bharthi Nagar 3rd 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. This value is set by the government and is updated periodically to reflect changes in the market.

When a property is sold, the guideline value will be referenced to calculate the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bharthi Nagar 3rd Cross Street?

The current guideline value of Bharthi Nagar 3rd 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 significantly, starting from Rs 487 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 803% over the years.

What is the registration office for Bharthi Nagar 3rd Cross Street?

The registration office for Bharthi Nagar 3rd Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

What other streets have the same guideline value in Zaminpallavaram?

Other streets in Zaminpallavaram with the same guideline value of Rs 4,400 per sq.ft include Bharthi Nagar 1st Street, Bharthi Nagar 2nd Street, Bharthi Nagar 3rd Street, Bharthi Nagar 4th Street, and Bharthi Nagar 2nd Cross Street.