Guideline Value for Bavani Emarald

Bavani Emarald guideline value

The current guideline value of Bavani Emarald is Rs 2,310 per sq.ft. It is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bavani Emarald has changed

Over the years, the guideline value of Bavani Emarald has seen several revisions. The 2012 revision set the value at Rs 2,100 per sq.ft, which was then reduced by 33% to Rs 1,407 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,100 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,310 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which is the same as the current value for Bavani Emarald.

• Berline Enclave Extension: Rs 2,310 per sq.ft (2024)
• Bharathi Avenue: Rs 2,970 per sq.ft (2024)
• Bharathi Avenue Extension: Rs 4,290 per sq.ft (2024)
• Bharathidasan Street: Rs 2,640 per sq.ft (2024)
• Bharathidasan Street Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Bavani Emarald

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bavani Emarald?

The Bavani Emarald property falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the correct amount of duty is charged. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Bavani Emarald?

The current guideline value of Bavani Emarald is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then increased to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What are the stamp duty and registration fees for Bavani Emarald?

For a 1,000 sq.ft plot, the total guideline value is Rs 23,10,000. The stamp duty would be Rs 1,61,700, and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which Sub Registrar Office covers Bavani Emarald?

Bavani Emarald is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Bavani Emarald?

Bavani Emarald is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.