Guideline Value for Bhavani Amman Koil Street

Bhavani Amman Koil Street guideline value

The current guideline value of Bhavani Amman Koil Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village under the Ambattur SRO, classified as Residential Class II Type - II.

How the guideline value of Bhavani Amman Koil Street has changed

Over the years, the guideline value of Bhavani Amman Koil Street has seen several revisions. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,100 per sq.ft in the 2023 revision, and currently stands at Rs 1,200 per sq.ft after the 2024 revision. Notably, there were no figures recorded for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 9%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Bhavani Amman Koil Street's current guideline value is below this median.

• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Bharathidasan Nagar(9th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(8th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(7th Street): Rs 1,100 per sq.ft (2024)
• Bharathidasan Nagar(6th Street): Rs 1,100 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also 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 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 Soorapattu

The guideline value is a crucial factor when registering property transactions in Soorapattu. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the transaction must be registered at the Sub Registrar Office, where the guideline value will be referenced to calculate applicable duties and fees. It is essential for buyers and sellers to be aware of these values to ensure compliance with local regulations.

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 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,200 per sq.ft in 2024.

What is the land classification of Bhavani Amman Koil Street?

Bhavani Amman Koil Street is classified as Residential Class II Type - II.

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

For a property valued at Rs 12,00,000, the stamp duty is Rs 84,000 and the registration fee is Rs 24,000, totaling Rs 1,08,000.

Which office handles property registrations for Bhavani Amman Koil Street?

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