Guideline Value for Bangaru Amman Colony

Bangaru Amman Colony guideline value

The current guideline value for Bangaru Amman Colony, located in Sevilimadu - A village under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft. This value is effective from the 1st of July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bangaru Amman Colony has changed

The guideline value for Bangaru Amman Colony has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In the village of Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Bangaru Amman Colony.

• Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Azhaganandam Nagar: Rs 1,100 per sq.ft (2024)
• Brindavan Garden: Rs 1,100 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,100 per sq.ft (2024)
• Chinnaiyan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bangaru Amman Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bangaru Amman Colony?

The Sub Registrar Office that covers Bangaru Amman Colony is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in the registration process of property transactions in Sevilimadu - A. It serves as a benchmark for determining the value of the property for stamp duty and registration fees.

When buying or selling property, the guideline value will be used to calculate the applicable fees, ensuring that both parties are aware of the official value assigned to the property by the registration department.

Frequently asked questions

What is the current guideline value of Bangaru Amman Colony?

The current guideline value of Bangaru Amman Colony is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification for Bangaru Amman Colony?

Bangaru Amman Colony is classified as Residential Class I Type - I.

What other streets in Sevilimadu - A have the same guideline value?

Other streets in Sevilimadu - A, such as Balaji Nagar, Bharathi Nagar, Azhaganandam Nagar, Brindavan Garden, Arunachalam Nagar, and Chinnaiyan Nagar, also have a guideline value of Rs 1,100 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Bangaru Amman Colony?

The Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone, covers Bangaru Amman Colony.