Guideline Value for Bhavani Amman Koil Cross Street

Bhavani Amman Koil Cross Street guideline value

The current guideline value of Bhavani Amman Koil Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - II.

How the guideline value of Bhavani Amman Koil Cross Street has changed

The guideline value for Bhavani Amman Koil Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The most recent 2024 revision has increased the value to Rs 1,300 per sq.ft, marking a significant increase of 62% from the 2017 figure. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. This indicates some fluctuations in the value over the years, but the latest figure reflects a positive change compared to the earlier revisions.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Bhavani Amman Koil Cross Street's 2024 value below that median.

• Bhavani Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Bharathiyar Street: Rs 2,400 per sq.ft (2024)
• Bharathiyar 3rd Street: Rs 2,400 per sq.ft (2024)
• Bharathiyar 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• Bharathiyar 2nd Street: Rs 2,400 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Amman Koil Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Bhavani Amman Koil Cross Street?

The Sub Registrar Office that covers Bhavani Amman Koil Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Madambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the buying and selling process. Buyers should be aware of these values to ensure they are prepared for the financial aspects of their property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Amman Koil Cross Street?

The current guideline value of Bhavani Amman Koil Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then increased to Rs 1,300 per sq.ft in 2024. The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

What is the land classification for Bhavani Amman Koil Cross Street?

Bhavani Amman Koil Cross Street is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Selaiyur Sub Registrar Office covers Bhavani Amman Koil Cross Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.