Guideline Value for SRI BHAVANI AMMAN NAGAR

Sri Bhavani Amman Nagar guideline value

The current guideline value of Sri Bhavani Amman Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Pandeswaram village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Bhavani Amman Nagar has changed

In the 2017 revision, the guideline value was Rs 100 per sq.ft. This increased to Rs 150 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 set the guideline value at Rs 165 per sq.ft, which represents a 10% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 65%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and 2024.

Guideline values in Pandeswaram

In Pandeswaram, seven streets under the Avadi SRO have a 2024 guideline value ranging from Rs 165 to Rs 1,150 per sq.ft. The median guideline value for these streets is Rs 165 per sq.ft, which is equal to the 2024 figure for Sri Bhavani Amman Nagar.

• Sri Balaji Nagar: Rs 330 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 165 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,150 per sq.ft (2024)
• Sri Sudharsan Nagar: Rs 165 per sq.ft (2024)
• Gurumahan Nagar: Rs 165 per sq.ft (2024)
• Birla Nagar: Rs 165 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 165 per sq.ft, the guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total to Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Bhavani Amman Nagar?

The Sri Bhavani Amman Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Pandeswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

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 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, and then to Rs 165 per sq.ft in 2024. This represents a total increase of 65% from 2017 to 2024.

Where can I find the registration office for Sri Bhavani Amman Nagar?

The registration office that covers Sri Bhavani Amman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

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

What is the registration fee for property transactions in Sri Bhavani Amman Nagar?

The registration fee for property transactions in Sri Bhavani Amman Nagar is 2% of the guideline value or sale price, whichever is higher.