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. This area is located in Aathur village, under the Redhills SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Bhavani Amman Nagar has changed

The guideline value for Sri Bhavani Amman Nagar has been Rs 200 per sq.ft since the 2017 revision. The 2023 revision also reflects the same value of Rs 200 per sq.ft, indicating no change over this period.

There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street. Thus, the only available figures are from the 2017 and 2023 revisions, both at Rs 200 per sq.ft.

Guideline values in Aathur

In Aathur, there are 11 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft, with a median value of Rs 220 per sq.ft. Sri Bhavani Amman Nagar's guideline value of Rs 200 per sq.ft is situated within this range.

• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Thanthai Periyar Street: Rs 220 per sq.ft (2024)
• Sakthi Nagar: Rs 165 per sq.ft (2024)
• Rajesh Nagar: Rs 165 per sq.ft (2024)
• Poorani Avenue Annex: Rs 220 per sq.ft (2024)
• VGP Jai Nagar: Rs 220 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. Duty is charged on the higher of the guideline value and the sale price.

For more details, 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 Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical reference point when registering property transactions in Aathur. It helps determine the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the fees based on the property's size and the prevailing rate. This ensures that all transactions are recorded accurately and fairly in accordance with the established regulations.

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, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2017 revision. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

What is the classification of land in Sri Bhavani Amman Nagar?

The land classification for Sri Bhavani Amman Nagar is Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Sri Bhavani Amman Nagar?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 18,000.

Which office handles property registrations for Sri Bhavani Amman Nagar?

The Redhills Sub Registrar Office handles property registrations for Sri Bhavani Amman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.