Guideline Value for Bhavaniamman Koil 1st Cross Street

Bhavaniamman Koil 1st Cross Street guideline value

The current guideline value of Bhavaniamman Koil 1st Cross Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Bhavaniamman Koil 1st Cross Street has changed

The guideline value for Bhavaniamman Koil 1st Cross Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 1,550 per sq.ft, marking an increase of 11% from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value among these streets is Rs 1,550 per sq.ft, which aligns with the current guideline value of Bhavaniamman Koil 1st Cross Street.

• Bhavaniamman Koil 1st Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Cross Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 3rd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,550 per sq.ft (2024)
• Bazaar Street /Lane: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavaniamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, totaling Rs 1,39,500. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavaniamman Koil 1st Cross Street?

The Sub Registrar Office that covers Bhavaniamman Koil 1st Cross Street 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 Thirunageswaram

The guideline value plays a crucial role in the registration process of property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is important for buyers to be aware of the guideline value to avoid overpaying for a property, while sellers should ensure their asking price aligns with the registered value to facilitate a smoother transaction.

Frequently asked questions

What is the current guideline value of Bhavaniamman Koil 1st Cross Street?

The current guideline value of Bhavaniamman Koil 1st Cross Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What is the land classification for Bhavaniamman Koil 1st Cross Street?

The land classification for Bhavaniamman Koil 1st Cross Street is Residential Special Type - II.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,39,500.

Which office handles the registration for Bhavaniamman Koil 1st Cross Street?

The Kunrathur Sub Registrar Office handles the registration for Bhavaniamman Koil 1st Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.