Guideline Value for Sundar Street(Bhavani nagar)

Sundar Street(Bhavani nagar) guideline value

The current guideline value of Sundar Street(Bhavani nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO with a land classification of Residential Special Type - III.

How the guideline value of Sundar Street(Bhavani nagar) has changed

Over the years, the guideline value for Sundar Street(Bhavani nagar) has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft. The value rose again to Rs 1,500 per sq.ft in 2023 and is now Rs 1,600 per sq.ft as per the 2024 revision. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2007 to 2024, the overall increase in guideline value is 60%. The changes between the revisions include a 50% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a significant increase of 49% from 2017 to 2023, and a 7% increase from 2023 to 2024.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value range from Rs 550 to Rs 4,000 per sq.ft. The median value is Rs 1,300 per sq.ft, placing Sundar Street(Bhavani nagar) above this median.

• Sundaram street: Rs 1,700 per sq.ft (2024)
• Sudakar Street: Rs 1,100 per sq.ft (2024)
• Subramani street(bhavani nagar): Rs 1,600 per sq.ft (2024)
• Subramaniar street(Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Thamarai Cross Street (Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)
• Thamarai street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Street(Bhavani 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 cost for these fees to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Street(Bhavani nagar)?

The Sub Registrar Office that covers Sundar Street(Bhavani 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 is a crucial factor in the registration of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the eyes of the law. This value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sundar Street(Bhavani nagar)?

The current guideline value of Sundar Street(Bhavani nagar) 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 from Rs 1,000 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 60% over the years.

What is the land classification for Sundar Street(Bhavani nagar)?

Sundar Street(Bhavani nagar) is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000 for these fees.

Which office handles registrations for Sundar Street(Bhavani nagar)?

The Ambattur Sub Registrar Office handles registrations for Sundar Street(Bhavani nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.