Guideline Value for Bhavanandhiar 5th Cross Street

Bhavanandhiar 5th Cross Street guideline value

The current guideline value of Bhavanandhiar 5th 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 is classified as Residential Class I Type - III.

How the guideline value of Bhavanandhiar 5th Cross Street has changed

The guideline value for Bhavanandhiar 5th Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. The value increased to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 2,700 per sq.ft, reflecting an increase of 8% from the previous year.

From 2017 to 2023, the guideline value saw a significant rise of 49%. Overall, comparing the figures from 2012 to 2024, there has been a net increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the Bhavanandhiar 5th Cross Street's 2024 figure above the median.

• Bhavanandhiar 4th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 5th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 3rd Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 6th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavanandhiar 5th 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 amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavanandhiar 5th Cross Street?

The Sub Registrar Office that covers Bhavanandhiar 5th 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 details.

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 minimum price at which properties can be registered, ensuring transparency and fairness in property dealings.

When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. The higher of the guideline value or the sale price is taken into consideration for these calculations.

Frequently asked questions

What is the current guideline value of Bhavanandhiar 5th Cross Street?

The current guideline value of Bhavanandhiar 5th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for this street?

Bhavanandhiar 5th Cross Street is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this property?

The Selaiyur Sub Registrar Office covers Bhavanandhiar 5th Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in this area?

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 at 7% would be Rs 1,89,000.