Guideline Value for Biramanar Street

Biramanar Street guideline value

The current guideline value of Biramanar Street in Kanthoor village, under the Sunguvarchattram SRO, is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Biramanar Street has changed

Looking at the historical revisions, the guideline value for Biramanar Street has seen several changes. The 2012 revision set the value at Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for Biramanar Street. Overall, from 2012 to 2024, the guideline value has seen a marginal increase of 1%.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value for these streets is Rs 181 per sq.ft, which is equal to the current guideline value of Biramanar Street.

• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Central Grand: Rs 700 per sq.ft (2024)
• Central Green: Rs 590 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Biramanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, while the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. 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 further calculations.

Which Sub Registrar Office covers Biramanar Street?

The Sub Registrar Office that covers Biramanar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial when buying or selling property in Kanthoor, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is important for both the buyer and seller. It is advisable to check the current guideline value before proceeding with any property transaction.

Frequently asked questions

What is the current guideline value of Biramanar Street?

The current guideline value of Biramanar Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification of Biramanar Street?

Biramanar Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Biramanar Street?

The Sub Registrar Office for Biramanar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Biramanar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 12,670.