Guideline Value for Bhavanandhiar 7th Cross Street (Chakrapani Street)

Bhavanandhiar 7th Cross Street (Chakrapani Street) guideline value

The current guideline value of Bhavanandhiar 7th Cross Street (Chakrapani Street) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Bhavanandhiar 7th Cross Street (Chakrapani Street) has changed

The guideline value for Bhavanandhiar 7th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in the 2023 revision, and the most recent 2024 revision has raised it to Rs 2,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 8%.

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 value for these streets is Rs 2,200 per sq.ft, placing Bhavanandhiar 7th Cross Street's 2024 figure above that median.

• Bhavanandhiar 6th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 7th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 8th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar 5th Street: Rs 2,700 per sq.ft (2024)
• Bhavanandhiar Main Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavanandhiar 7th Cross Street (Chakrapani 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, calculated at 7%, would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000. Therefore, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhavanandhiar 7th Cross Street (Chakrapani Street)?

The Sub Registrar Office that covers Bhavanandhiar 7th Cross Street (Chakrapani 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 plays a crucial role in property transactions in Chembakkam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value when negotiating the sale price, as it influences the overall cost incurred during registration.

When a property is sold, the registration office uses the guideline value to assess the appropriate fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Bhavanandhiar 7th Cross Street?

The current guideline value of Bhavanandhiar 7th Cross Street (Chakrapani 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. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Bhavanandhiar 7th Cross Street?

The land classification for Bhavanandhiar 7th Cross Street (Chakrapani Street) is Residential Class I Type - III.

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 the stamp duty calculated for property transactions?

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