Guideline Value for BBCL AURACITY

Bbcl Auracity guideline value

The current guideline value of Bbcl Auracity is Rs 1,650 per sq.ft. It is located in Vengambakkam village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Bbcl Auracity has changed

Over the years, the guideline value for Bbcl Auracity has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and the latest revision in 2024 has raised it to Rs 1,650 per sq.ft. Notably, the register has no figures for this street in the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024, and there was a substantial increase of 49% from 2017 to 2023. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Vengambakkam

In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Bbcl Auracity is above this median, indicating a higher valuation compared to many other streets in the area.

• Avvaiyar Street: Rs 550 per sq.ft (2024)
• Church Street: Rs 440 per sq.ft (2024)
• Anuram Nagar: Rs 3,300 per sq.ft (2024)
• Anna Main Road (Vengampakkam colony): Rs 440 per sq.ft (2024)
• Anna Main Road (Cross Street): Rs 550 per sq.ft (2024)
• Anna Main Road: Rs 1,160 per sq.ft (2024)

Stamp duty and registration fee for property in Bbcl Auracity

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bbcl Auracity?

The Bbcl Auracity area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vengambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations, safeguarding the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Bbcl Auracity?

The current guideline value of Bbcl Auracity is Rs 1,650 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Bbcl Auracity?

The land classification for Bbcl Auracity is Residential Special Type - I.

Where can I find the Sub Registrar Office for Bbcl Auracity?

The Sub Registrar Office covering Bbcl Auracity is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Bbcl Auracity?

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 1,650 per sq.ft, the total guideline value is Rs 16,50,000, leading to a stamp duty of Rs 1,15,500.