Guideline Value for Bhavani Amman Koil Street

Bhavani Amman Koil Street guideline value

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

How the guideline value of Bhavani Amman Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value increased significantly to Rs 1,300 per sq.ft, reflecting a change of 62%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 8%.

The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

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

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavani Amman Koil Street?

The Sub Registrar Office that covers Bhavani Amman Koil 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are fairly assessed and documented according to the established guidelines.

Frequently asked questions

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

The current guideline value of Bhavani Amman Koil 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2024. Overall, from 2012 to 2024, there has been an 8% increase.

What is the land classification for Bhavani Amman Koil Street?

Bhavani Amman Koil Street is classified as Residential Class II Type - II. This classification affects the guideline value and property usage regulations.

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 calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. This office handles registrations for Bhavani Amman Koil Street.