Guideline Value for Bangaru Kamatchi amman st

Bangaru Kamatchi amman st guideline value

The current guideline value of Bangaru Kamatchi amman st is Rs 1,650 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 Class I Type - II.

How the guideline value of Bangaru Kamatchi amman st has changed

The guideline value for Bangaru Kamatchi amman st has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the guideline value to Rs 1,500 per sq.ft. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Bangaru Kamatchi amman st.

• Barathi Dossan Nagar: Rs 1,980 per sq.ft (2024)
• Ballikuda 2nd Street: Rs 1,650 per sq.ft (2024)
• Ballikuda 1st street: Rs 1,650 per sq.ft (2024)
• Bavani Street: Rs 1,100 per sq.ft (2024)
• Balakrishnan Street: Rs 1,650 per sq.ft (2024)
• Balakrishna nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bangaru Kamatchi amman st

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Bangaru Kamatchi amman st?

The Sub Registrar Office that covers Bangaru Kamatchi amman st is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bangaru Kamatchi amman st?

The current guideline value of Bangaru Kamatchi amman st is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 1,005 per sq.ft in 2017.

What is the land classification for Bangaru Kamatchi amman st?

Bangaru Kamatchi amman st is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Peerklankaranai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at 7%.