Guideline Value for SRI BHAVANI AMMAN NAGAR EXT

Sri Bhavani Amman Nagar Ext guideline value

The current guideline value for Sri Bhavani Amman Nagar Ext is Rs 248 per sq.ft, effective from 1 July 2024. This area is located in Kodipallam village under the Thiruvottiyur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Bhavani Amman Nagar Ext has changed

The guideline value for Sri Bhavani Amman Nagar Ext has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 226 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 248 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 50%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Kodipallam

In Kodipallam, there are 11 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, with this street's value equal to the median of Rs 248 per sq.ft.

• Sri Bhavani Amman Nagar: Rs 248 per sq.ft (2024)
• Sri Bhavani Amman Garden: 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 Nagar Ext

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, making the total cost for these fees Rs 22,320. 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 detailed calculations.

Which Sub Registrar Office covers Sri Bhavani Amman Nagar Ext?

The Sub Registrar Office that covers Sri Bhavani Amman Nagar Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodipallam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Sri Bhavani Amman Nagar Ext?

The current guideline value for Sri Bhavani Amman Nagar Ext 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 151 per sq.ft in 2017, then to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What is the land classification for Sri Bhavani Amman Nagar Ext?

Sri Bhavani Amman Nagar Ext is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sri Bhavani Amman Nagar Ext is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 248 per sq.ft would incur fees totaling Rs 22,320.