Guideline Value for Bhavani Amman Street

Bhavani Amman Street guideline value

The current guideline value of Bhavani Amman Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Bhavani Amman Street has changed

The guideline value for Bhavani Amman Street has undergone several revisions over the years. In 2003, the guideline value was Rs 120 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a significant rise of 67%. The value then jumped to Rs 1,000 per sq.ft in 2012, reflecting a remarkable increase of 400%. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, representing a 10% increase from the previous year.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 817%, showing substantial growth over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Bhavani Amman Street's 2024 figure below this median.

• Bharathiyar Street (Thendral Nager): Rs 2,400 per sq.ft (2024)
• Bharathiyar Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Bharathiyar Street (sri Nagar colony): Rs 2,700 per sq.ft (2024)
• Bharathiyar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Bharathi Street (J.B.Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Amman Street

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

Which Sub Registrar Office covers Bhavani Amman Street?

The Sub Registrar Office covering Bhavani Amman Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the property's worth according to government standards. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bhavani Amman Street?

The current guideline value of Bhavani Amman Street 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 changed significantly over the years, from Rs 120 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 817%.

What is the land classification of Bhavani Amman Street?

Bhavani Amman Street is classified as Residential Class IV Type - III.

Where can I find the Sub Registrar Office for Bhavani Amman Street?

The Sub Registrar Office for Bhavani Amman Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

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 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.