Guideline Value

Corporate

Guideline Value for Sri. Bavani Nagar

₹1600/sq.ft.

The guideline value for Sri. Bavani Nagar 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 ₹400 /sq.ft.
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

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Sri. Bavani Nagar guideline value

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

How the guideline value of Sri. Bavani Nagar has changed

The guideline value for Sri. Bavani Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 1,600 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2007 to 2012, there was a substantial increase of 275%. Following that, the guideline value decreased by 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and subsequently, there was a 7% rise from 2023 to 2024. Overall, the guideline value has increased by 300% from 2007 to 2024.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, placing Sri. Bavani Nagar's 2024 figure above this median.

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

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 to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri. Bavani Nagar?

The Sub Registrar Office that covers Sri. Bavani Nagar 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 during the registration process of property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is taken into account to ensure that the fees reflect the official value of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of Sri. Bavani Nagar is Rs 1,600 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the land classification for Sri. Bavani Nagar?

Sri. Bavani Nagar is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Sri. Bavani Nagar?

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

How is stamp duty calculated for properties in Sri. Bavani Nagar?

Stamp duty for properties in Sri. Bavani Nagar is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.