Guideline Value for Bhavanandhiar 6th Cross Street

Bhavanandhiar 6th Cross Street guideline value

The current guideline value of Bhavanandhiar 6th Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bhavanandhiar 6th Cross Street has changed

The guideline value for Bhavanandhiar 6th Cross Street has undergone several revisions. The latest revision in 2024 sets the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, marking an 8% rise. Prior to that, in 2017, the value was Rs 1,675 per sq.ft, reflecting a significant increase of 49% over six years. The register has no figures for the years 2002, 2003, and 2007.

In the 2012 revision, the value was Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 8%, demonstrating a gradual change in property values over the years.

Guideline values in Chembakkam

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

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

Stamp duty and registration fee for property in Bhavanandhiar 6th 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 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bhavanandhiar 6th Cross Street?

Bhavanandhiar 6th Cross Street is covered by 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 further assistance.

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. When buying or selling property in Chembakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Bhavanandhiar 6th Cross Street?

The current guideline value of Bhavanandhiar 6th 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 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with notable revisions in between, including Rs 2,500 per sq.ft in 2023 and 2012.

What is the land classification for Bhavanandhiar 6th Cross Street?

The land classification for Bhavanandhiar 6th Cross Street is Residential Class I Type - III, indicating its suitability for residential development.

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

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 6th Cross Street?

The Selaiyur Sub Registrar Office handles registrations for Bhavanandhiar 6th Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.