Guideline Value for SRI BHAVANI AMMAN NAGAR EXTENSION -I

Sri Bhavani Amman Nagar Extension -I guideline value

The current guideline value of Sri Bhavani Amman Nagar Extension -I is Rs 1,500 per sq.ft, effective from 1 July 2024. This property is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Sri Bhavani Amman Nagar Extension -I has changed

The guideline value for Sri Bhavani Amman Nagar Extension -I has remained consistent over the years. The 2017 revision set the guideline value at Rs 1,500 per sq.ft, which was unchanged in the 2023 revision, and continues to be Rs 1,500 per sq.ft in the current 2024 revision. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 1,500 per sq.ft throughout this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a consistent guideline value with a change of +0%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 802 per sq.ft, making the guideline value of Sri Bhavani Amman Nagar Extension -I above the median.

• Sri Bhavani Amman Nagar: Rs 1,100 per sq.ft (2024)
• Sri Brindha Avenue: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-II: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar-I: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 701 per sq.ft (2024)
• Sri Andal Nagar: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Bhavani Amman Nagar Extension -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a total of Rs 1,35,000. 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 Sri Bhavani Amman Nagar Extension -I?

The Sri Bhavani Amman Nagar Extension -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Karanaipuducheri, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This value is established by the Registration Department and is used to determine the taxes applicable during the registration process.

It is crucial for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. Ensuring that the sale price meets or exceeds the guideline value can affect the fees and taxes owed at the time of registration.

Frequently asked questions

What is the current guideline value of Sri Bhavani Amman Nagar Extension -I?

The current guideline value of Sri Bhavani Amman Nagar Extension -I is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,500 per sq.ft from 2017 to 2024, with no changes in the revisions from 2023 and 2017.

What is the land classification for Sri Bhavani Amman Nagar Extension -I?

The land classification for Sri Bhavani Amman Nagar Extension -I is Mixed Type - II.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,35,000.

Which office handles registrations for properties in Sri Bhavani Amman Nagar Extension -I?

The Gooduvancheri Sub Registrar Office handles registrations for properties in Sri Bhavani Amman Nagar Extension -I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.