Guideline Value for B R NAGAR (SA)

B R Nagar (Sa) guideline value

The current guideline value of B R Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of B R Nagar (Sa) has changed

The guideline value for B R Nagar (Sa) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is an increase from Rs 400 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 268 per sq.ft, indicating a substantial increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 400 per sq.ft, which represents a decrease of 33% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft in 2024. The median value for these streets is Rs 1,100 per sq.ft, placing B R Nagar (Sa) below that median.

• Caldwell Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in B R Nagar (Sa)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, totaling Rs 30,800, and the registration fee is 2%, amounting to Rs 8,800. Together, the total cost for these fees is Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B R Nagar (Sa)?

The Sub Registrar Office that covers B R Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum price at which properties can be registered. This value is used to calculate stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When a buyer decides to purchase a property, the guideline value helps in assessing the financial obligations associated with the transaction. It is essential for both buyers and sellers to 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 B R Nagar (Sa)?

The current guideline value of B R Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024. It was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification of B R Nagar (Sa)?

B R Nagar (Sa) is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for B R Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office covers B R Nagar (Sa) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in B R Nagar (Sa)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 30,800.