Guideline Value for BHAVANI AMMAN NAGAR

Bhavani Amman Nagar guideline value

The current guideline value of Bhavani Amman Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Kannigaiper village under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of Bhavani Amman Nagar has changed

The guideline value for Bhavani Amman Nagar has seen several revisions over the years. The 2017 revision set the guideline value at Rs 301 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 450 per sq.ft. The most recent revision in 2024 maintained this value at Rs 450 per sq.ft, indicating a 50% increase from the 2017 figure.

There are no recorded guideline values for the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was a significant increase of 50%, and overall, from 2017 to 2024, the increase also stands at 50%.

Guideline values in Kannigaiper

In Kannigaiper village, there are six streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 700 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Bhavani Amman Nagar's 2024 figure below that median.

• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Thiru Avenue: Rs 550 per sq.ft (2024)
• Chelliamman Avenue Phase 2: Rs 700 per sq.ft (2024)
• Kalaiarasi Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, making the total charges Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani Amman Nagar?

The Sub Registrar Office that covers Bhavani Amman Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kannigaiper. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Amman Nagar?

The current guideline value of Bhavani Amman Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in both 2023 and 2024, marking a 50% rise overall from 2017 to 2024.

What are the guideline values of other streets in Kannigaiper?

Other streets in Kannigaiper have varying guideline values ranging from Rs 400 to Rs 700 per sq.ft. Bhavani Amman Nagar's value is below the median of Rs 500 per sq.ft for the area.

What are the stamp duty and registration fees for properties in Bhavani Amman Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 40,500.

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

The Sub Registrar Office for Bhavani Amman Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.