Guideline Value for Bhavaniamman Koil Street

Bhavaniamman Koil Street guideline value

The current guideline value of Bhavaniamman Koil 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 Street has changed

The guideline value for Bhavaniamman Koil Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it then decreased to Rs 938 per sq.ft in 2017. The 2023 revision saw another increase to Rs 1,400 per sq.ft, followed by the current value of Rs 1,550 per sq.ft from the 2024 revision.

From the 2017 revision to the 2023 revision, the value increased by 49%. The change from 2012 to 2017 was a decrease of 33%. The rise from 2007 to 2012 was substantial at 367%. Overall, from 2007 to 2024, the guideline value has increased by 417%. The register has no figures for the years 2002 and 2003 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 is Rs 1,550 per sq.ft, which is equal to the current guideline value of Bhavaniamman Koil Street.

• Bhavaniamman Koil 3rd Street: Rs 1,550 per sq.ft (2024)
• Bhavaniamman Koil 2nd 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 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, bringing the total 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhavaniamman Koil Street?

The Sub Registrar Office that covers Bhavaniamman Koil 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 when registering a property in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bhavaniamman Koil Street?

The current guideline value of Bhavaniamman Koil 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 300 per sq.ft in 2007 to Rs 1,550 per sq.ft in 2024, marking an overall increase of 417% over the years.

What is the registration office for Bhavaniamman Koil Street?

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

What are the stamp duty rates applicable?

The stamp duty applicable is 7% of the guideline value or the sale price, whichever is higher. Additionally, the registration fee is 2% of the guideline value.

Where can I find more information about guideline values in Thirunageswaram?

More information about guideline values in Thirunageswaram can be found in the registration department's guideline value register, accessible through the official portal.