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Guideline Value

Corporate

Guideline Value for Sri. Bavani Nagar Extn - 2

₹1600/sq.ft.

The guideline value for Sri. Bavani Nagar Extn - 2 in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri. Bavani Nagar Extn - 2

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Sri. Bavani Nagar Extn - 2 guideline value

The current guideline value of Sri. Bavani Nagar Extn - 2 is Rs 1,600 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Special Type - III.

How the guideline value of Sri. Bavani Nagar Extn - 2 has changed

The guideline value for Sri. Bavani Nagar Extn - 2 has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,600 per sq.ft, representing a 7% rise from the previous year.

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

Guideline values in Ayappakkam

Ayappakkam village has 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, positioning Sri. Bavani Nagar Extn - 2 above this median at Rs 1,600 per sq.ft.

Stamp duty and registration fee for property in Sri. Bavani Nagar Extn - 2

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri. Bavani Nagar Extn - 2?

The Sub Registrar Office that covers Sri. Bavani Nagar Extn - 2 is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ayappakkam, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to consider the guideline value as it reflects the government's assessment of property worth in the area. This ensures that the registration process is transparent and standardized across different properties.

Frequently asked questions

What is the current guideline value of Sri. Bavani Nagar Extn - 2?

The current guideline value of Sri. Bavani Nagar Extn - 2 is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. The value also saw a significant increase from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What is the land classification for Sri. Bavani Nagar Extn - 2?

Sri. Bavani Nagar Extn - 2 is classified as Residential Special Type - III, indicating its suitability for residential development.

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

The Sub Registrar Office for Sri. Bavani Nagar Extn - 2 is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

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 property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 and a registration fee of Rs 32,000.