Guideline Value for Bagavathi Nagar
₹701/sq.ft.
The guideline value for Bagavathi Nagar in Karanaipuducheri village (Gooduvancheri SRO, Chengalpattu zone) is Rs 701 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 0% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Karanaipuducheri
Village
Gooduvancheri
SRO
Residential Special Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹701 /sq.ft. |
| From 1-4-2023 | ₹700 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹469 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹700 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹313 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Bagavathi Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Gooduvancheri sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Bagavathi Nagar guideline value
The current guideline value of Bagavathi Nagar, located in Karanaipuducheri village, is Rs 701 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.
How the guideline value of Bagavathi Nagar has changed
Over the years, the guideline value of Bagavathi Nagar has seen several revisions. The 2007 revision recorded a guideline value of Rs 313 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then dropped to Rs 469 per sq.ft in 2017. The 2023 revision saw a slight increase to Rs 700 per sq.ft, and the most recent 2024 revision set the guideline value at Rs 701 per sq.ft, reflecting no percentage change from the previous year.
From 2017 to 2023, the guideline value increased by 49%. The overall increase from the 2007 revision to the current 2024 revision is 124%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.
Guideline values in Karanaipuducheri
In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value of Bagavathi Nagar is below this median.
- Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
- Balaji Nagar-I & II: Rs 701 per sq.ft (2024)
- Aravind Annai Nagar-II: Rs 1,200 per sq.ft (2024)
- Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
- Annai Tharesa Nagar: Rs 1,200 per sq.ft (2024)
- Brindhavana Avenue: Rs 1,400 per sq.ft (2024)
Stamp duty and registration fee for property in Bagavathi Nagar
For a 1,000 sq.ft plot at the current rate of Rs 701 per sq.ft, the guideline value would be Rs 7,01,000. The stamp duty at 7% would amount to Rs 49,070, and the registration fee at 2% would be Rs 14,020, totaling Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Bagavathi Nagar?
The Sub Registrar Office that covers Bagavathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Karanaipuducheri
The guideline value is a critical factor during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.
When registering a property, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Bagavathi Nagar?
The current guideline value of Bagavathi Nagar is Rs 701 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 313 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, reflecting an overall increase of 124% over these years.
What are the guideline values of other streets in Karanaipuducheri?
Other streets in Karanaipuducheri have varying guideline values, with Ashthalakshmi Nagar at Rs 800 per sq.ft and Balaji Nagar-I & II at Rs 701 per sq.ft, among others.
What fees are applicable when purchasing property in Bagavathi Nagar?
When purchasing property in Bagavathi Nagar, the stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the guideline value.
Where can I find the Sub Registrar Office for Bagavathi Nagar?
The Sub Registrar Office for Bagavathi Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.
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