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Guideline Value

Corporate

Guideline Value for Sri. Bavani Nagar Extn - 3

₹1100/sq.ft.

The guideline value for Sri. Bavani Nagar Extn - 3 in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /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 - 3

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Sri. Bavani Nagar Extn - 3 guideline value

The current guideline value of Sri. Bavani Nagar Extn - 3 is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri. Bavani Nagar Extn - 3 has changed

Over the years, the guideline value for Sri. Bavani Nagar Extn - 3 has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. Overall, from 2012 to 2024, the value has increased by 10%. The fluctuations in value reflect the adjustments made in response to various factors affecting the real estate market in the area.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which means that the guideline value of Sri. Bavani Nagar Extn - 3 is below this median.

Stamp duty and registration fee for property in Sri. Bavani Nagar Extn - 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would amount to Rs 22,000, totaling Rs 99,000. 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 - 3?

The Sub Registrar Office that covers Sri. Bavani Nagar Extn - 3 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 is a crucial factor when buying or selling property in Ayappakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers need to be aware of this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential to understand that these charges are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri. Bavani Nagar Extn - 3?

The current guideline value of Sri. Bavani Nagar Extn - 3 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for this guideline value?

The Ambattur Sub Registrar Office is responsible for the guideline value of Sri. Bavani Nagar Extn - 3, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the guideline value determined for properties in Ayappakkam?

The guideline value is determined based on various factors and is revised periodically. It serves as a reference point for property transactions in Ayappakkam, ensuring that properties are registered at a fair value.