Guideline Value for B.B. Avenue II

B.B. Avenue II guideline value

The current guideline value of B.B. Avenue II in Kaavaathur village is Rs 100 per sq.ft, effective from the 2024 revision starting 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of B.B. Avenue II has changed

The guideline value for B.B. Avenue II has seen several revisions over the years. In 2007, the value was Rs 15 per sq.ft, which increased significantly to Rs 80 per sq.ft in 2012, marking a 433% rise. However, from 2012 to 2017, the value decreased to Rs 54 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 100 per sq.ft in both the 2023 and 2024 revisions, showing an 85% increase from 2017 to 2023, but no change from 2023 to 2024.

It is important to note that the register has no figures for B.B. Avenue II for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 567%.

Guideline values in Kaavaathur

In Kaavaathur, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with the median being Rs 100 per sq.ft. B.B. Avenue II's current guideline value matches this median.

• B.B. Avenue: Rs 100 per sq.ft (2024)
• B.L. Avenue: Rs 100 per sq.ft (2024)
• Sai Sadhasiva Garden & Extension: Rs 120 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Nagar: Rs 250 per sq.ft (2024)
• Mullai Nagar Avenue- I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in B.B. Avenue II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.B. Avenue II?

The Sub Registrar Office that covers B.B. Avenue II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kaavaathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value may influence the sale price, as it serves as a benchmark for the transaction. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration.

Frequently asked questions

What is the current guideline value of B.B. Avenue II?

The current guideline value of B.B. Avenue II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 15 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, marking an overall increase of 567% over the years.

What is the stamp duty rate for properties in B.B. Avenue II?

The stamp duty rate for properties in B.B. Avenue II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for B.B. Avenue II?

The Sub Registrar Office for B.B. Avenue II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How do I calculate the registration fee for a property in B.B. Avenue II?

The registration fee for a property in B.B. Avenue II is 2% of the guideline value. You can calculate it using the current guideline value of Rs 100 per sq.ft.