Guideline Value for BHAGAVATH RAMANUJAR TOWN

Bhagavath Ramanujar Town guideline value

The current guideline value of Bhagavath Ramanujar Town, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Bhagavath Ramanujar Town has changed

Over the years, the guideline value for Bhagavath Ramanujar Town has seen several revisions. The 2017 revision recorded a guideline value of Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,000 per sq.ft. The 2024 revision has maintained this value at Rs 1,000 per sq.ft, indicating a 49% increase from the 2017 revision to the current value.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the significant changes occurred between 2017 and 2024, where the overall increase is also 49%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value for Bhagavath Ramanujar Town.

• Bargavi Avenue: Rs 1,000 per sq.ft (2024)
• Barathi Nagar: Rs 1,000 per sq.ft (2024)
• Bharathi Nagar Part -I: Rs 1,000 per sq.ft (2024)
• Balaramapuram: Rs 1,000 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,000 per sq.ft (2024)
• Bhuvanesh Ward Homes: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bhagavath Ramanujar Town

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 precise calculations.

Which Sub Registrar Office covers Bhagavath Ramanujar Town?

The Bhagavath Ramanujar Town is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to determine the minimum value at which a property can be registered. This means that even if the sale price is lower, the registration will be based on the guideline value.

Frequently asked questions

What is the current guideline value of Bhagavath Ramanujar Town?

The current guideline value of Bhagavath Ramanujar Town is Rs 1,000 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2024. The value remained unchanged at Rs 1,000 per sq.ft from 2023 to 2024.

What is the land classification for Bhagavath Ramanujar Town?

The land classification for Bhagavath Ramanujar Town is Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Bhagavath Ramanujar Town?

The registration office for Bhagavath Ramanujar Town is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Bhagavath Ramanujar Town?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.