Guideline Value for Baniathamman Koil Street Slab Road

Baniathamman Koil Street Slab Road guideline value

The current guideline value of Baniathamman Koil Street Slab Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Baniathamman Koil Street Slab Road has changed

The guideline value for Baniathamman Koil Street Slab Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft. This was followed by a decrease to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, the subsequent revisions saw significant increases, with the 2023 revision rising to Rs 1,400 per sq.ft, and the current 2024 revision increasing it further to Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is the same as the current value for Baniathamman Koil Street Slab Road.

• Barathi Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Barathi Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Balambika Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Baniathamman Koil Street Slab Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Baniathamman Koil Street Slab Road?

The Sub Registrar Office that covers Baniathamman Koil Street Slab Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is essential for determining the stamp duty and registration fees when buying or selling property in Thiruverkadu. It serves as a benchmark for property transactions, ensuring that the government receives the appropriate revenue from property sales.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Baniathamman Koil Street Slab Road?

The current guideline value of Baniathamman Koil Street Slab Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for this street?

Baniathamman Koil Street Slab Road falls under the Residential Class I Type - I land classification.

Which office handles registrations for this area?

The Kunrathur Sub Registrar Office handles registrations for Baniathamman Koil Street Slab Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,07,800.