Guideline Value for Bhavanandhiar 5th Street

Bhavanandhiar 5th Street guideline value

The current guideline value of Bhavanandhiar 5th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO, classified as Residential Class I Type - III.

How the guideline value of Bhavanandhiar 5th Street has changed

The guideline value for Bhavanandhiar 5th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 300 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, followed by a decrease to Rs 1,675 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,700 per sq.ft.

Between these revisions, notable changes include an increase of 733% from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023. The overall change from 2007 to 2024 reflects an increase of 800%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry 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 Bhavanandhiar 5th Street's 2024 value above this median.

• Bhavanandhiar 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 4th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 6th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 7th Cross Street (Chakrapani Street): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavanandhiar 5th 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, making a total of Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Bhavanandhiar 5th Street?

The Sub Registrar Office that covers Bhavanandhiar 5th 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, 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 in property transactions, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions in Tamil Nadu.

When buying or selling property in Chembakkam, it is essential to be aware of the current guideline value to ensure compliance with registration requirements. The guideline value helps maintain transparency in property transactions and protects the interests of both buyers and sellers.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, from Rs 300 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 800%.

What is the median guideline value in Chembakkam?

The median guideline value for the streets in Chembakkam is Rs 2,200 per sq.ft, with Bhavanandhiar 5th Street's value being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Bhavanandhiar 5th Street?

The Selaiyur Sub Registrar Office handles registrations for Bhavanandhiar 5th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.