Guideline Value for B.B. Avenue

B.B. Avenue guideline value

The current guideline value of B.B. Avenue, located in Kaavaathur village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

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

Looking at the revisions, the guideline value for B.B. Avenue has seen several changes over the years. The register shows that in 2012, the value was Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in 2017. From 2017 to 2023, there was a significant increase of 85%, bringing the value back to Rs 100 per sq.ft, which remained unchanged in the 2024 revision.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Kaavaathur

In Kaavaathur, there are 7 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. The guideline value for B.B. Avenue is equal to this median.

• B.B. Avenue II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total 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, leading to a total of Rs 9,000. It is important to note that the 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?

B.B. Avenue is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Kaavaathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property transaction occurs, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

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

The current guideline value of B.B. Avenue 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 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for B.B. Avenue?

B.B. Avenue is classified under Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Madurandakam Sub Registrar Office?

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

How is the stamp duty calculated for properties in B.B. Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, with an additional registration fee of Rs 2,000.