Guideline Value

Corporate

Guideline Value for BHAVANI AMMAN AVENUE /EXTN

₹248/sq.ft.

The guideline value for Bhavani Amman Avenue /extn in Thirunilai village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunilai

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bhavani Amman Avenue /extn

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Bhavani Amman Avenue /Extn guideline value

The current guideline value for Bhavani Amman Avenue /Extn is Rs 248 per sq.ft, effective from 1 July 2024. This street is located in Thirunilai village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bhavani Amman Avenue /Extn has changed

The guideline value for Bhavani Amman Avenue /Extn has seen several changes over the years. In the 2012 revision, the value was Rs 225 per sq.ft, which decreased to Rs 151 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, reaching Rs 226 per sq.ft. The latest revision in 2024 has further increased this value to Rs 248 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirunilai

In Thirunilai village, there are 10 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, with the median also being Rs 248 per sq.ft. Bhavani Amman Avenue /Extn's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Bhavani Amman Avenue /Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total fees to Rs 22,320. 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 details.

Which Sub Registrar Office covers Bhavani Amman Avenue /Extn?

The Sub Registrar Office that covers Bhavani Amman Avenue /Extn 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 Thirunilai

The guideline value plays a crucial role during the registration process when buying or selling property in Thirunilai. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Bhavani Amman Avenue /Extn?

The current guideline value for Bhavani Amman Avenue /Extn is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What are the other streets in Thirunilai with the same guideline value?

Several other streets in Thirunilai also have a guideline value of Rs 248 per sq.ft in 2024, including Bhavani Amman Garden, BHAVANI AMMAN GARDEN Extention, MRK Pannai Thottam, New Star City, Pachaiamma Nagar, and Pachaiamma Nagar Ext.

Where can I find the registration office for Bhavani Amman Avenue /Extn?

The registration office for Bhavani Amman Avenue /Extn is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Thirunilai?

Stamp duty for properties in Thirunilai is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.