Guideline Value for USHA BHAVANI AVENUE

Usha Bhavani Avenue guideline value

The current guideline value of Usha Bhavani Avenue is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Usha Bhavani Avenue has changed

The guideline value for Usha Bhavani Avenue has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Usha Bhavani Avenue in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

In Athipattu, there are 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. Usha Bhavani Avenue's guideline value is equal to this median.

• Vaigunda Perumal Nagar: Rs 330 per sq.ft (2024)
• Vaigunda Perumal Nagar Ext: Rs 330 per sq.ft (2024)
• Vasavi Nagar: Rs 330 per sq.ft (2024)
• Vasuki Nagar: Rs 330 per sq.ft (2024)
• Thulasi Nagar: Rs 330 per sq.ft (2024)
• Veera Pandiya Kattapomman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Usha Bhavani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Usha Bhavani Avenue?

The Sub Registrar Office that covers Usha Bhavani Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process for property transactions in Athipattu. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the guideline value is taken into account to ensure that the correct fees are applied. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Usha Bhavani Avenue?

The current guideline value of Usha Bhavani Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Usha Bhavani Avenue?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, these fees total Rs 29,700.

Which office handles property registrations in Usha Bhavani Avenue?

The Thiruvottiyur Sub Registrar Office handles property registrations for Usha Bhavani Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties in Athipattu?

The guideline value for properties in Athipattu is determined based on various factors, including land classification and comparisons with other streets in the area. The values are revised periodically by the Registration Department.