Guideline Value for BHAVANI AMMAN KOIL STREET

Bhavani Amman Koil Street guideline value

The current guideline value of Bhavani Amman Koil Street is Rs 8,580 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bhavani Amman Koil Street has changed

The guideline value for Bhavani Amman Koil Street has undergone several revisions. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 7,800 per sq.ft, which was then increased by 10% to Rs 8,580 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 7,800 per sq.ft in 2023 to Rs 8,580 per sq.ft in 2024. This change reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, placing Bhavani Amman Koil Street's 2024 figure above that median.

• Bharathiyar Street: Rs 1,650 per sq.ft (2024)
• Bharathiyar Nagar / Extn: Rs 1,650 per sq.ft (2024)
• Bharathi Street / Nagar: Rs 1,980 per sq.ft (2024)
• Blue Moon Properties: Rs 3,690 per sq.ft (2024)
• Bharathidasan Street: Rs 1,650 per sq.ft (2024)
• Buela Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,580 per sq.ft, the total guideline value would be Rs 85,80,000. The stamp duty at 7% would amount to Rs 6,00,600, and the registration fee at 2% would be Rs 1,71,600, bringing the total amount to Rs 7,72,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bhavani Amman Koil Street?

The Sub Registrar Office that covers Bhavani Amman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Bhavani Amman Koil Street?

The current guideline value of Bhavani Amman Koil Street is Rs 8,580 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,800 per sq.ft in 2023 to Rs 8,580 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Bhavani Amman Koil Street?

The land classification for Bhavani Amman Koil Street is Residential Class I Type - II. This classification is essential for understanding the type of property and its potential uses.

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

The Sub Registrar Office for Bhavani Amman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for property in Bhavani Amman Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 6,00,600 at a rate of 7%.