Guideline Value for BHAVANI AMMAN GARDEN Extention

BHAVANI AMMAN GARDEN Extention guideline value

The current guideline value for BHAVANI AMMAN GARDEN Extention is Rs 248 per sq.ft. This area is located in Thirunilai village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of BHAVANI AMMAN GARDEN Extention has changed

The guideline value for BHAVANI AMMAN GARDEN Extention has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 225 per sq.ft in 2012. However, it then dropped to Rs 151 per sq.ft in 2017, marking a decline of 33%. The value rose again to Rs 226 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 396%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

Guideline values in Thirunilai

In Thirunilai, there are 10 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, which is also the median value for the village. BHAVANI AMMAN GARDEN Extention's value aligns with this median.

• Bhavani Amman Garden: Rs 248 per sq.ft (2024)
• Bhavani Amman Avenue /Extn: Rs 248 per sq.ft (2024)
• MRK Pannai Thottam: Rs 248 per sq.ft (2024)
• New Star City: Rs 248 per sq.ft (2024)
• Pachaiamma Nagar: Rs 248 per sq.ft (2024)
• Pachaiamma Nagar Ext.: Rs 248 per sq.ft (2024)

Stamp duty and registration fee for property in BHAVANI AMMAN GARDEN Extention

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 is calculated at 7%, which comes to Rs 17,360, and the registration fee is 2%, totaling Rs 4,960. Together, these fees amount 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 precise calculations.

Which Sub Registrar Office covers BHAVANI AMMAN GARDEN Extention?

The Sub Registrar Office that covers BHAVANI AMMAN GARDEN Extention is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Thirunilai. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for BHAVANI AMMAN GARDEN Extention?

The current guideline value for BHAVANI AMMAN GARDEN Extention 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 50 per sq.ft in 2007 to Rs 248 per sq.ft in 2024, reflecting an overall increase of 396% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 2,48,000, the stamp duty would be Rs 17,360 and the registration fee would be Rs 4,960, totaling Rs 22,320.

Which office handles property registrations in Thirunilai?

The Thiruvottiyur Sub Registrar Office handles property registrations in Thirunilai, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for BHAVANI AMMAN GARDEN Extention?

The land classification for BHAVANI AMMAN GARDEN Extention is Residential Special Type - I.