Guideline Value for Baaventhar street

Baaventhar street guideline value

The current guideline value of Baaventhar street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Baaventhar street has changed

In the 2012 revision, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further rose to Rs 2,200 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which means Baaventhar street's 2024 figure is above that median.

• Bagavathi Street: Rs 1,320 per sq.ft (2024)
• Avvai Street Extension: Rs 1,100 per sq.ft (2024)
• Avvai St cross st: Rs 1,100 per sq.ft (2024)
• Avvai St: Rs 2,200 per sq.ft (2024)
• A.V. Gardens: Rs 2,220 per sq.ft (2024)
• A.S.Rajan Nagar Extn: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Baaventhar street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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 Rs 1,98,000. 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 Baaventhar street?

The Sub Registrar Office that covers Baaventhar street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is officially recorded at a recognized value.

When a property is sold, the guideline value acts as a benchmark. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. This ensures that all transactions are transparent and comply with local regulations.

Frequently asked questions

What is the current guideline value of Baaventhar street?

The current guideline value of Baaventhar 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 seen several revisions: it was Rs 2,000 in 2012, decreased to Rs 1,340 in 2017, then increased to Rs 2,000 in 2023, and finally to Rs 2,200 in 2024.

What is the land classification for Baaventhar street?

Baaventhar street is classified as Residential Special Type - I, indicating its zoning for residential use.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Bagavathi Street, Avvai Street Extension, Avvai St cross st, Avvai St, A.V. Gardens, and A.S.Rajan Nagar Extn, each with varying guideline values.

Where can I find the Sub Registrar Office for Baaventhar street?

The Sub Registrar Office for Baaventhar street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.