Guideline Value for Badrakaliamman Koil

Badrakaliamman Koil guideline value

The current guideline value for Badrakaliamman Koil in Kathivakkam village, under the Thiruvottiyur SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Badrakaliamman Koil has changed

The guideline value for Badrakaliamman Koil has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it dropped to Rs 402 per sq.ft in 2017. The 2023 revision maintained the value at Rs 1,000 per sq.ft, which remains unchanged in the 2024 revision.

From 2017 to 2023, there was a significant increase of 149%. The overall change from 2007 to 2024 reflects a 400% increase. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median value of Rs 1,001 per sq.ft. The guideline value for Badrakaliamman Koil is below this median.

• Bajanai Koil Street/Cross Street: Rs 1,001 per sq.ft (2024)
• Anna Nagar/street/Cross: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Amman Koil Lane: Rs 1,000 per sq.ft (2024)
• Ammaiappan Nagar: Rs 1,001 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Badrakaliamman Koil

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total fees Rs 90,000. 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 Badrakaliamman Koil?

The Badrakaliamman Koil area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is essential during property registration as it determines the minimum value at which a property can be registered. Buyers and sellers need to be aware that the stamp duty and registration fees are calculated based on this guideline value.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is crucial for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Badrakaliamman Koil?

The current guideline value for Badrakaliamman Koil is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the stamp duty and registration fees for properties in Badrakaliamman Koil?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which office handles property registrations in Badrakaliamman Koil?

The Thiruvottiyur Sub Registrar Office handles property registrations in Badrakaliamman Koil, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the significance of the guideline value during property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that properties are valued accurately during transactions.