Guideline Value for Badmavathi Nagar

Badmavathi Nagar guideline value

The current guideline value of Badmavathi Nagar is Rs 1,100 per sq.ft, as per the 2023 revision. This area falls under Kilambakkam village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Badmavathi Nagar has changed

The guideline value for Badmavathi Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased to Rs 1,100 per sq.ft in 2012. However, in the 2017 revision, the value decreased to Rs 737 per sq.ft. The most recent revision in 2023 saw a significant increase back to Rs 1,100 per sq.ft, marking a +49% change from 2017.

Overall, from 2007 to 2023, the guideline value has increased by +10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Badmavathi Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Badmavathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Badmavathi Nagar?

The Sub Registrar Office that covers Badmavathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Kilambakkam

The guideline value plays a crucial role during property registration in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Badmavathi Nagar?

The current guideline value of Badmavathi Nagar is Rs 1,100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,100 in 2012, decreased to Rs 737 in 2017, and returned to Rs 1,100 in 2023.

What is the stamp duty for properties in Badmavathi Nagar?

The stamp duty for properties in Badmavathi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value available for 2024?

No, the register does not provide a guideline value for Badmavathi Nagar for the year 2024.