Guideline Value for Bharthi Nagar Cross Street

Bharthi Nagar Cross Street guideline value

The current guideline value of Bharthi Nagar 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 Cross Street has changed

The guideline value for Bharthi Nagar Cross Street has seen several revisions over the years. Starting from Rs 487 per sq.ft in 2003, it increased significantly to Rs 1,000 per sq.ft in 2007, marking a rise of 105%. The value then surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 300%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a substantial increase of 64% from the 2017 figure.

It is important to note that the register has no figure for Bharthi Nagar Cross Street in 2023 and 2002. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 803%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 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 value for these streets is Rs 3,300 per sq.ft, indicating that Bharthi Nagar Cross Street's 2024 figure is above this median.

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

Stamp duty and registration fee for property in Bharthi Nagar 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 amounts to 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, making the total charges Rs 3,96,000. 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 Bharthi Nagar Cross Street?

The Sub Registrar Office that covers Bharthi Nagar 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 plays a crucial role in the registration process of property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value is also essential as it helps establish a baseline for the sale price. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value of Bharthi Nagar 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, reflecting an overall increase of 803% over the years.

What are the stamp duty and registration fees for property in Bharthi Nagar Cross Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 3,96,000.

Which office handles registrations for Bharthi Nagar Cross Street?

The registrations for Bharthi Nagar Cross Street are handled by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification of Bharthi Nagar Cross Street?

Bharthi Nagar Cross Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.