Guideline Value for BAGAVATHIYAMMAN NAGAR

Bagavathiyamman Nagar guideline value

The current guideline value of Bagavathiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village and falls under the Thiruvottiyur SRO with a land classification of Residential Class II Type - I.

How the guideline value of Bagavathiyamman Nagar has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 220 per sq.ft, reflecting a 10% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median being Rs 220 per sq.ft. The guideline value for Bagavathiyamman Nagar is equal to this median.

• Arun Nagar Sector B: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Aringnar Anna Nagar: Rs 220 per sq.ft (2024)
• Barathiyamman Nagar: Rs 220 per sq.ft (2024)
• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bagavathiyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total Rs 19,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bagavathiyamman Nagar?

The Sub Registrar Office that covers Bagavathiyamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vallur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Bagavathiyamman Nagar?

The current guideline value of Bagavathiyamman Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees applicable during property transactions. It ensures that properties are registered at a consistent value across the region.

Where can I find the Sub Registrar Office for Bagavathiyamman Nagar?

The Thiruvottiyur Sub Registrar Office covers Bagavathiyamman Nagar and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator, which will help you determine the fees based on the guideline value or sale price.