Guideline Value for SRI BADMAVATHI NAGAR

Sri Badmavathi Nagar guideline value

The current guideline value of Sri Badmavathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village under the Kunrathur SRO, classified as Residential Special Type - IV.

How the guideline value of Sri Badmavathi Nagar has changed

The guideline value for Sri Badmavathi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 600 per sq.ft, which increased to Rs 896 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 1,000 per sq.ft, representing a 12% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value in this village is Rs 550 per sq.ft, making the current figure for Sri Badmavathi Nagar above that median.

• Smart City: Rs 650 per sq.ft (2024)
• Sri Ranganathan Avenue: Rs 550 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 550 per sq.ft (2024)
• Shanthi Nagar Extn I & II: Rs 550 per sq.ft (2024)
• Sri Srinivasa Perumal Avenue: Rs 550 per sq.ft (2024)
• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Badmavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Badmavathi Nagar?

The Sub Registrar Office covering Sri Badmavathi Nagar 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 Sirukalathur

The guideline value is a crucial factor in the registration process of property transactions in Sirukalathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of this value as it influences the overall cost involved in the transaction, including taxes and fees.

Frequently asked questions

What is the current guideline value of Sri Badmavathi Nagar?

The current guideline value of Sri Badmavathi Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2017 to Rs 896 per sq.ft in 2023, and then to Rs 1,000 per sq.ft in 2024. This represents a 67% increase overall from 2017 to 2024.

What is the median guideline value in Sirukalathur?

The median guideline value in Sirukalathur is Rs 550 per sq.ft, with Sri Badmavathi Nagar's current value being above this median.

What are the stamp duty and registration fees for properties in Sri Badmavathi Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Badmavathi Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Sri Badmavathi Nagar.