Guideline Value

Corporate

Guideline Value for BHAVANI AMMAN AVENUE

₹248/sq.ft.

The guideline value for Bhavani Amman Avenue in Kodipallam 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

Kodipallam

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 ₹15 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹14 /sq.ft.
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]

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Bhavani Amman Avenue guideline value

The current guideline value of Bhavani Amman Avenue is Rs 248 per sq.ft. This street is located in Kodipallam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Bhavani Amman Avenue has changed

The guideline value for Bhavani Amman Avenue has undergone several revisions over the years. In 2002, the guideline value was Rs 14 per sq.ft, which increased significantly to Rs 15 per sq.ft in 2003, marking a 7% rise. However, there is no figure available for this street in the 2007 revision.

In 2012, the value was revised to Rs 225 per sq.ft, which represented a decrease of 33% from the previous figure. The next revision in 2017 saw a substantial increase to Rs 151 per sq.ft, reflecting a 50% rise. The most recent revisions include Rs 226 per sq.ft in 2023 and the current value of Rs 248 per sq.ft effective from July 1, 2024, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 1,671%.

Guideline values in Kodipallam

In Kodipallam village, there are 11 streets under the Thiruvottiyur SRO that carry a 2024 guideline value of Rs 248 per sq.ft, with this street's value equal to the median. The following are other streets in Kodipallam:

Stamp duty and registration fee for property in Bhavani Amman Avenue

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

Which Sub Registrar Office covers Bhavani Amman Avenue?

The Sub Registrar Office that covers Bhavani Amman Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodipallam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are fairly assessed and that the necessary fees are collected accordingly.

Frequently asked questions

What is the current guideline value of Bhavani Amman Avenue?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 14 per sq.ft in 2002 to Rs 248 per sq.ft in 2024, reflecting an overall increase of 1,671% over the years.

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

Other streets in Kodipallam with a 2024 guideline value of Rs 248 per sq.ft include Karthik Nagar, New Clever City, New Star City Gold, S.K.M. Garden, Sri Bhavani Amman Garden, and Sri Bhavani Amman Nagar.

How is stamp duty calculated for properties in Bhavani Amman Avenue?

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

Where can I find the Sub Registrar Office for Bhavani Amman Avenue?

The Sub Registrar Office for Bhavani Amman Avenue is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO online for more details.