Guideline Value for BHAVANI STREET(GANGA NAGAR)

Bhavani Street(Ganga Nagar) guideline value

The current guideline value of Bhavani Street(Ganga Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Bhavani Street(Ganga Nagar) has changed

The guideline value of Bhavani Street(Ganga Nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, but then saw a decrease to Rs 2,010 per sq.ft in 2017. Following this, the value rose sharply to Rs 3,000 per sq.ft in 2023 before reaching the current value of Rs 3,300 per sq.ft in 2024.

In terms of percentage changes, the increase from 2023 to 2024 is +10%. The rise from 2017 to 2023 was +49%, while the decrease from 2012 to 2017 was -33%. The substantial increase from 2007 to 2012 was +362%. Overall, from 2007 to 2024, the guideline value has increased by +408%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the 2024 guideline value of Bhavani Street(Ganga Nagar).

• Bharathiyar Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar First Street: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Cross: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Cross: Rs 3,300 per sq.ft (2024)
• Brahamaputhira Street: Rs 3,300 per sq.ft (2024)
• Balaya Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Street(Ganga Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavani Street(Ganga Nagar)?

The Sub Registrar Office that covers Bhavani Street(Ganga Nagar) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

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

When a property is registered, the higher of the guideline value or the sale price is taken into account for calculating the applicable duties and fees. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Street(Ganga Nagar)?

The current guideline value of Bhavani Street(Ganga Nagar) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting various increases and a decrease in between.

What is the land classification for Bhavani Street(Ganga Nagar)?

Bhavani Street(Ganga Nagar) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in Bhavani Street(Ganga Nagar)?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Moovarasampattu?

The Alandur Sub Registrar Office covers Moovarasampattu, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.