Guideline Value for SRI BHAVANI AMMAN NAGAR

Sri Bhavani Amman Nagar guideline value

The current guideline value of Sri Bhavani Amman Nagar is Rs 400 per sq.ft. This area is located in Thachoor village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Bhavani Amman Nagar has changed

According to the guideline value register, there are no figures for Sri Bhavani Amman Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 150 per sq.ft, which was then increased to Rs 400 per sq.ft in the 2024 revision, marking a significant change of +167%.

The current figure of Rs 400 per sq.ft is effective from 1 July 2024. This increase reflects the adjustments made in the guideline values for the area, aligning with the median value for other streets in Thachoor.

Guideline values in Thachoor

In Thachoor village, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,800 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value for Sri Bhavani Amman Nagar.

• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 400 per sq.ft (2024)
• Sith Krishna Nagar: Rs 400 per sq.ft (2024)
• Sakthi Sai Nagar Phase II: Rs 400 per sq.ft (2024)
• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• R.C.Modern City: Rs 400 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 guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bhavani Amman Nagar?

The Sub Registrar Office that covers Sri Bhavani Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Thachoor, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price is reflective of the area's valuation. Buyers and sellers should be aware of the current guideline values to ensure compliance with registration requirements.

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

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a change of +167%.

What is the land classification for Sri Bhavani Amman Nagar?

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

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

The registration office for Sri Bhavani Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Sri Bhavani Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 4,00,000 would incur a stamp duty of Rs 28,000.