Guideline Value for SRI BHAVANI AMMAN NAGAR

Sri Bhavani Amman Nagar guideline value

The current guideline value of Sri Bhavani Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vadamadurai-1 village under the Arani_Tiruvallur SRO and is classified as Residential Class II Type - III.

How the guideline value of Sri Bhavani Amman Nagar has changed

The guideline value for Sri Bhavani Amman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent 2024 revision has maintained this figure, resulting in a 49% increase from the 2017 revision to the 2024 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline value has increased by 49% overall from the 2017 revision to the 2024 revision, with no change between the 2023 and 2024 revisions.

Guideline values in Vadamadurai-1

In Vadamadurai-1, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Bhavani Amman Nagar's 2024 figure at this median.

• Sri Kumaran Avenue: Rs 200 per sq.ft (2024)
• Sun Star City: Rs 200 per sq.ft (2024)
• New Star City: Rs 350 per sq.ft (2024)
• M.T.C. Nagar Phase-VI: Rs 200 per sq.ft (2024)
• E.K.K. Nagar Phase-I: Rs 175 per sq.ft (2024)
• Dr. Kalam City: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Sri Bhavani Amman Nagar?

The Sri Bhavani Amman Nagar area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadamadurai-1

The guideline value is a crucial factor during property registration in Vadamadurai-1. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and fairly.

When buying or selling property, the guideline value helps determine the legal value of the property for registration purposes. This ensures that both the buyer and seller are aware of the official valuation set by the government, which is used to calculate the necessary fees.

Frequently asked questions

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

The current guideline value of Sri Bhavani Amman Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall.

What is the land classification of Sri Bhavani Amman Nagar?

Sri Bhavani Amman Nagar is classified as Residential Class II Type - III.

Where can I find the Sub Registrar Office for Sri Bhavani Amman Nagar?

The Sub Registrar Office for Sri Bhavani Amman Nagar is located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.

What is the stamp duty rate for properties in Sri Bhavani Amman Nagar?

The stamp duty rate for properties in Sri Bhavani Amman Nagar is 7% of the guideline value or sale price, whichever is higher.