Guideline Value for Bhavaniamman Koil 3rd Street

Bhavaniamman Koil 3rd Street guideline value

The current guideline value of Bhavaniamman Koil 3rd 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 3rd Street has changed

The guideline value for Bhavaniamman Koil 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,400 per sq.ft. This was revised to Rs 938 per sq.ft in 2017, marking a decrease of 33%. The value then increased significantly to Rs 1,400 per sq.ft in 2023, followed by the current figure of Rs 1,550 per sq.ft in 2024, reflecting an increase of 11% from the previous year.

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

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 value is Rs 1,550 per sq.ft, which is equal to the guideline value of Bhavaniamman Koil 3rd Street for 2024.

• Bhavaniamman Koil 2nd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd Cross Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 1st Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 1st Cross 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 3rd 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, while the registration fee at 2% would be Rs 31,000, bringing the total fees to 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhavaniamman Koil 3rd Street?

The Sub Registrar Office that covers Bhavaniamman Koil 3rd 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 is a crucial factor in property transactions in Thirunageswaram. It serves as a benchmark for determining the minimum sale price of a property, ensuring that transactions are conducted at fair values as per government regulations.

When registering a property, the guideline value is used to calculate applicable fees such as stamp duty and registration charges. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Bhavaniamman Koil 3rd Street?

The current guideline value of Bhavaniamman Koil 3rd 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 seen several revisions, starting from Rs 1,400 per sq.ft in 2012, decreasing to Rs 938 per sq.ft in 2017, and then increasing to Rs 1,400 per sq.ft in 2023, before reaching Rs 1,550 per sq.ft in 2024.

What are the other streets with the same guideline value in Thirunageswaram?

Other streets in Thirunageswaram with the same guideline value of Rs 1,550 per sq.ft include Bhavaniamman Koil 2nd Street, Bhavaniamman Koil Street, Bhavaniamman Koil 2nd Cross Street, Bhavaniamman Koil 1st Street, and Bhavaniamman Koil 1st Cross Street.

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 based on the guideline value or the sale price, whichever is higher.

Which office do I need to go to for property registration in this area?

The Kunrathur Sub Registrar Office is responsible for property registration in Bhavaniamman Koil 3rd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.