Guideline Value for BHAVANI AMMAN KOIL STREET

Bhavani Amman Koil Street guideline value

The current guideline value of Bhavani Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, with a land classification of Residential Class III Type - I.

How the guideline value of Bhavani Amman Koil Street has changed

The guideline value for Bhavani Amman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, it saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

Enjambakkam has a total of 253 streets under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value in this village is Rs 2,200 per sq.ft, which is equal to the current value of Bhavani Amman Koil Street.

• Bharathy Street Main Road: Rs 2,800 per sq.ft (2024)
• Bharathy Salai & Street: Rs 2,800 per sq.ft (2024)
• Bharathy Avenue Cross Road: Rs 2,800 per sq.ft (2024)
• BHARATHY 4th CROSS STREET: Rs 2,800 per sq.ft (2024)
• BHARATHY 3rd CROSS STREET: Rs 2,800 per sq.ft (2024)
• BHARATHY 2nd CROSS STREET: Rs 2,800 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani Amman Koil Street?

The Sub Registrar Office covering Bhavani Amman Koil Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Enjambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the financial aspects of the transaction. Accurate knowledge of the guideline value ensures compliance with legal requirements during property registration.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Bhavani Amman Koil Street?

Bhavani Amman Koil Street is classified as Residential Class III Type - I.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.