Guideline Value for Bhavanandhiar 4th Cross Street

Bhavanandhiar 4th Cross Street guideline value

The current guideline value for Bhavanandhiar 4th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of Bhavanandhiar 4th Cross Street has changed

The guideline value for Bhavanandhiar 4th Cross Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 300 per sq.ft. This value saw a significant increase to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and subsequently increased to Rs 2,700 per sq.ft in 2024, reflecting an 8% increase.

There are no recorded figures for the years 2002 and 2003 for Bhavanandhiar 4th Cross Street. Overall, from 2007 to 2024, the guideline value has increased by 800%.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Bhavanandhiar 4th Cross Street's 2024 figure above that median.

• Bhavanandhiar 3rd Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 4th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 3rd Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 2nd Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 5th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavanandhiar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavanandhiar 4th Cross Street?

The Sub Registrar Office that covers Bhavanandhiar 4th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the property registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers should be aware of the guideline value to understand their financial obligations when purchasing property in this area.

Frequently asked questions

What is the current guideline value for Bhavanandhiar 4th Cross Street?

The current guideline value for Bhavanandhiar 4th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 300 per sq.ft to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 800%.

What are the other streets with the same guideline value in Chembakkam?

Other streets in Chembakkam with the same guideline value of Rs 2,700 per sq.ft include Bhavanandhiar 3rd Street, Bhavanandhiar 4th Street, Bhavanandhiar 3rd Cross Street, Bhavanandhiar 5th Cross Street, Bhavanandhiar 2nd Street, and Bhavanandhiar 5th Street.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Bhavanandhiar 4th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.