Guideline Value for B R NAGAR (SA)

B R Nagar (Sa) guideline value

The current guideline value for B R Nagar (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this street is 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 2012 revision set the value at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the latest revision in 2024 raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. Specifically, the change from 2017 to 2023 was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing B R Nagar (Sa) below this 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 661 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 661 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 of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Peramanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the state receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations 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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

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

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

What are the stamp duty and registration fees for property in B R Nagar (Sa)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total charges would be Rs 49,500.

Which office handles registrations for B R Nagar (Sa)?

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