Guideline Value

Corporate

Guideline Value for Bhavaniamman Koil 1st Street

₹1550/sq.ft.

The guideline value for Bhavaniamman Koil 1st Street in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bhavaniamman Koil 1st Street

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Bhavaniamman Koil 1st Street guideline value

The current guideline value of Bhavaniamman Koil 1st Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

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

The guideline value for Bhavaniamman Koil 1st Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 938 per sq.ft. The value then increased to Rs 1,400 per sq.ft in 2023, before rising to Rs 1,550 per sq.ft in the 2024 revision, marking an 11% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been an increase of 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO, with guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,550 per sq.ft, which is the same as the current value for Bhavaniamman Koil 1st Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,550 per sq.ft, the guideline value amounts to 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, bringing the total to Rs 1,39,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bhavaniamman Koil 1st Street?

The Sub Registrar Office covering Bhavaniamman Koil 1st Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process of property transactions in Thirunageswaram. It determines the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a baseline for calculating the costs associated with registration. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall expenses in a transaction.

Frequently asked questions

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

The current guideline value of Bhavaniamman Koil 1st 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 2023 to Rs 1,550 per sq.ft in 2024, reflecting an 11% increase. It was Rs 938 per sq.ft in 2017 and Rs 1,400 per sq.ft in 2012, showing a 49% increase from 2017 to 2023.

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

Bhavaniamman Koil 1st Street is classified as Residential Special Type - II.

What is the registration office for Bhavaniamman Koil 1st Street?

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

How is stamp duty calculated for properties in Thirunageswaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 15,50,000 would incur a stamp duty of Rs 1,08,500 at 7%.