Guideline Value for Bhavani Amman Nagar II

Bhavani Amman Nagar II guideline value

The current guideline value of Bhavani Amman Nagar II is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village and falls under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Bhavani Amman Nagar II has changed

In the 2012 revision, the guideline value was Rs 450 per sq.ft. This figure decreased to Rs 301 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 450 per sq.ft in the 2023 revision, reflecting a 50% rise. The latest revision in 2024 set the guideline value at Rs 500 per sq.ft, which is an 11% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, indicating that Bhavani Amman Nagar II's 2024 figure is below this median.

• Bhavani Nagar & II: Rs 500 per sq.ft (2024)
• Bavani Amman Nagar: Rs 500 per sq.ft (2024)
• Asd Mahathma Gandhi Nagar: Rs 650 per sq.ft (2024)
• Eathen Garden: Rs 550 per sq.ft (2024)
• A.R.K. Vigneshwar Nagar: Rs 500 per sq.ft (2024)
• Aariya Enclave: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Amman Nagar II

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. 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 Nagar II?

The Sub Registrar Office that covers Bhavani Amman Nagar II 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 Sirukalathur

The guideline value is a crucial factor when registering property transactions in Sirukalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should always refer to the latest guideline values to understand their financial obligations.

Frequently asked questions

What is the current guideline value of Bhavani Amman Nagar II?

The current guideline value of Bhavani Amman Nagar II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the 2012 revision at Rs 450 per sq.ft, dropping to Rs 301 per sq.ft in 2017, then rising to Rs 450 per sq.ft in 2023, and finally reaching Rs 500 per sq.ft in 2024.

What is the land classification for Bhavani Amman Nagar II?

Bhavani Amman Nagar II is classified as Residential Class I Type - II.

Where can I find the registration office for Bhavani Amman Nagar II?

The registration office for Bhavani Amman Nagar II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for property in Bhavani Amman Nagar II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 35,000.