Guideline Value for Bhavaniamman Koil 2nd Cross Street

Bhavaniamman Koil 2nd Cross Street guideline value

The current guideline value of Bhavaniamman Koil 2nd Cross Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Bhavaniamman Koil 2nd Cross Street has changed

Over the years, the guideline value of Bhavaniamman Koil 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was later reduced 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 then to Rs 1,550 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, the guideline value has increased by 11% from 2012 to 2024. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunageswaram

In Thirunageswaram village, 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 is Rs 1,550 per sq.ft, which is the same as the 2024 figure for Bhavaniamman Koil 2nd Cross Street.

• Bhavaniamman Koil 1st Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 1st Cross 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 2nd 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 amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, making the total fees Rs 1,39,500. 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 detailed calculations.

Which Sub Registrar Office covers Bhavaniamman Koil 2nd Cross Street?

The Bhavaniamman Koil 2nd Cross Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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 properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Bhavaniamman Koil 2nd Cross Street?

The current guideline value for Bhavaniamman Koil 2nd 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 2023 to Rs 1,550 per sq.ft in 2024, marking an increase of 11%. It was Rs 938 per sq.ft in 2017, showing a significant rise of 49% to 2023.

Where can I find the registration office for Bhavaniamman Koil 2nd Cross Street?

The registration office for Bhavaniamman Koil 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

What is the median guideline value in Thirunageswaram?

The median guideline value in Thirunageswaram is Rs 1,550 per sq.ft, which is the same as the current value for Bhavaniamman Koil 2nd Cross Street.