Guideline Value for Bhavani amman Koil Street

Bhavani amman Koil Street guideline value

The current guideline value of Bhavani amman Koil Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Bhavani amman Koil Street has changed

The guideline value for Bhavani amman Koil Street has undergone several revisions over the years. In 2003, the value was Rs 294 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This marked a change of +19%. The value saw a significant rise to Rs 1,474 per sq.ft in 2017, reflecting a remarkable increase of +321%. The most recent revision in 2023 set the value at Rs 2,200 per sq.ft, which was a +49% increase from the previous figure. The current guideline value of Rs 2,420 per sq.ft in 2024 represents a +10% change from 2023.

Overall, from 2003 to 2024, the guideline value has increased by +723%. It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Thiruneermalai

In Thiruneermalai village, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value among these streets is Rs 2,420 per sq.ft, which is equal to the guideline value for Bhavani amman Koil Street.

• Bharathi Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Main Road: Rs 2,420 per sq.ft (2024)
• Bharathidhasan Extn: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 3rd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 2nd Cross Street: Rs 2,420 per sq.ft (2024)
• Bharathidhasan 1st Cross Street: Rs 2,420 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 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavani amman Koil Street?

The Sub Registrar Office covering Bhavani amman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value plays a crucial role in the registration process of property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees applicable during the transfer of property ownership. Buyers and sellers must be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and helps in accurately estimating the costs involved in property transactions. It is advisable to consult the guideline value register for the most current figures when engaging in real estate activities.

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 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 294 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, which is an overall increase of +723% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Bhavani amman Koil Street?

The Pammal Sub Registrar Office covers Bhavani amman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to understand that these fees are based on the higher of the guideline value or the sale price.