Guideline Value for BATHMAVATHI NAGAR

Bathmavathi Nagar guideline value

The current guideline value of Bathmavathi Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village under the Acchirapakkam SRO, classified as Residential Special Type - I.

How the guideline value of Bathmavathi Nagar has changed

The guideline value for Bathmavathi Nagar has remained constant at Rs 500 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

As of the 2024 revision, the guideline value is Rs 500 per sq.ft, showing no change from the previous year, 2023, which also had a guideline value of Rs 500 per sq.ft. This consistency indicates stability in the guideline value for this specific area.

Guideline values in Sothupakkam

In Sothupakkam, five streets under the Acchirapakkam SRO carry a 2024 guideline value ranging from Rs 500 to Rs 523 per sq.ft, with the median being Rs 500 per sq.ft. Bathmavathi Nagar's guideline value aligns with this median.

• Gk Garden: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 500 per sq.ft (2024)
• Thiru Sangu Lakshmi Nagar: Rs 523 per sq.ft (2024)
• V.R.Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Bathmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bathmavathi Nagar?

The Sub Registrar Office that covers Bathmavathi Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sothupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions, thereby ensuring compliance with regulatory requirements.

Frequently asked questions

What is the current guideline value of Bathmavathi Nagar?

The current guideline value of Bathmavathi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 500 per sq.ft since the 2023 revision. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Bathmavathi Nagar?

Bathmavathi Nagar is classified as Residential Special Type - I under the Acchirapakkam SRO.

What are the stamp duty and registration fees for property in Bathmavathi Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 45,000.

Where is the Sub Registrar Office for Bathmavathi Nagar located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.