Guideline Value for SRI BHAVANI AMMAN GARDEN

Sri Bhavani Amman Garden guideline value

The current guideline value of Sri Bhavani Amman Garden is Rs 248 per sq.ft, effective from 1 July 2024. This locality is situated in Kodipallam village under the Thiruvottiyur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Bhavani Amman Garden has changed

The guideline value for Sri Bhavani Amman Garden has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 226 per sq.ft, and the most recent 2024 revision has raised it further to Rs 248 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is a modest increase of 10%. The largest jump occurred between the 2017 and 2023 revisions, where the value rose by 50%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodipallam

In Kodipallam, there are 11 streets under the Thiruvottiyur SRO that have a 2024 guideline value, all set at Rs 248 per sq.ft, with the median also being Rs 248 per sq.ft. Therefore, Sri Bhavani Amman Garden's 2024 figure aligns with this median.

• Sri Bhavani Amman Nagar: Rs 248 per sq.ft (2024)
• Sri Bhavani Amman Nagar Ext: Rs 248 per sq.ft (2024)
• S.K.M. Garden: Rs 248 per sq.ft (2024)
• Sri Vadivambigai Garden: Rs 248 per sq.ft (2024)
• Sri Vadivambigai Ring Road Garden: Rs 248 per sq.ft (2024)
• Vadivambgai Sundari Garden: Rs 248 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bhavani Amman Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty at 7% would amount to Rs 17,360, and the registration fee at 2% would be Rs 4,960, leading to a total cost of Rs 22,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bhavani Amman Garden?

The Sri Bhavani Amman Garden is covered by the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kodipallam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is appropriately valued according to government regulations.

Frequently asked questions

What is the current guideline value of Sri Bhavani Amman Garden?

The current guideline value of Sri Bhavani Amman Garden is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 248 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the registration office for Sri Bhavani Amman Garden?

The registration office for Sri Bhavani Amman Garden is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 17,360 at the current guideline value.

Are there other streets with the same guideline value in Kodipallam?

Yes, there are several other streets in Kodipallam that also have a guideline value of Rs 248 per sq.ft as of 2024.