Guideline Value for BAVANIAMMAN NAGAR

Bavaniamman Nagar guideline value

The current guideline value of Bavaniamman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Ammambakkam village and falls under the Oothukkottai SRO, classified as Residential Class II Type - I.

How the guideline value of Bavaniamman Nagar has changed

Since the 2012 revision, the guideline value has seen several changes. In 2012, the guideline value was Rs 75 per sq.ft, which increased to Rs 50 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 100%, reaching Rs 100 per sq.ft. The 2023 revision also maintained this value, and the 2024 revision continues at Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 33%.

Guideline values in Ammambakkam

Ammambakkam village has 14 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with a median value of Rs 100 per sq.ft. Bavaniamman Nagar's 2024 guideline value is equal to this median.

• Dhanalakshmi Nagar: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 100 per sq.ft (2024)
• Mayur Garden Phase IV: Rs 100 per sq.ft (2024)
• Sainagar: Rs 100 per sq.ft (2024)
• Sai Nagar - I: Rs 100 per sq.ft (2024)
• Sathish Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Bavaniamman Nagar

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

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

Which Sub Registrar Office covers Bavaniamman Nagar?

The Sub Registrar Office that covers Bavaniamman Nagar is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ammambakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration of a property sale or purchase.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps to establish a baseline for the value of the property, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Bavaniamman Nagar?

The current guideline value of Bavaniamman Nagar 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 75 per sq.ft in 2012 to Rs 100 per sq.ft in 2024, with various changes in between. Notably, it increased by 100% from 2017 to 2023.

What is the land classification of Bavaniamman Nagar?

Bavaniamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Oothukkottai Sub Registrar Office covers Bavaniamman Nagar and is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated in Bavaniamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 100 per sq.ft, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000.