Guideline Value for Bhaskar Avenue

Bhaskar Avenue guideline value

The current guideline value of Bhaskar Avenue in Kattupakkam village is Rs 2,090 per sq.ft, effective from 1 July 2024. This property falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Bhaskar Avenue has changed

The guideline value for Bhaskar Avenue has seen significant changes over the years. The 2007 revision recorded a value of Rs 350 per sq.ft, which increased dramatically to Rs 1,900 per sq.ft in 2012, marking a 443% rise. However, this value decreased to Rs 1,273 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 1,900 per sq.ft in 2023, before reaching the current value of Rs 2,090 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 497%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with the median value being Rs 2,090 per sq.ft. Bhaskar Avenue's current guideline value aligns with this median.

• Chandra Nagar: Rs 2,090 per sq.ft (2024)
• Bazaar Street: Rs 2,090 per sq.ft (2024)
• Chendurpuram Main Road: Rs 3,960 per sq.ft (2024)
• Balu Indira Nagar: Rs 2,360 per sq.ft (2024)
• Chinna Pattu Street: Rs 1,980 per sq.ft (2024)
• Balasubramania Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Bhaskar Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,090 per sq.ft, the guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhaskar Avenue?

The Sub Registrar Office that covers Bhaskar Avenue 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 Kattupakkam

The guideline value is a crucial factor in property transactions in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in assessing the legal obligations of both parties. It ensures that the transaction is recorded accurately, reflecting the true value of the property as recognized by the local authorities.

Frequently asked questions

What is the current guideline value of Bhaskar Avenue?

The current guideline value of Bhaskar Avenue is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 350 per sq.ft to Rs 2,090 per sq.ft in 2024, marking an overall increase of 497%.

What are the other streets in Kattupakkam with similar guideline values?

Other streets in Kattupakkam with a 2024 guideline value of Rs 2,090 per sq.ft include Chandra Nagar, Bazaar Street, and Balasubramania Nagar.

What is the stamp duty for property in Bhaskar Avenue?

The stamp duty for property in Bhaskar Avenue is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,46,300.

Where can I find the Sub Registrar Office for Bhaskar Avenue?

The Sub Registrar Office for Bhaskar Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.