Guideline Value for B.G.M.Nagar

B.G.M.Nagar guideline value

The current guideline value of B.G.M.Nagar, located in Tevanambapuram village under the Ramakrishna Rajupettai SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of B.G.M.Nagar has changed

Looking at the revisions, the guideline value for B.G.M.Nagar was Rs 100 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision. No figures are available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only recorded guideline values for B.G.M.Nagar are Rs 100 per sq.ft for both the 2023 and 2024 revisions, indicating stability in the guideline value over these two years.

Guideline values in Tevanambapuram

No specific village figures are provided for Tevanambapuram. Currently, B.G.M.Nagar is the only street listed under the Ramakrishna Rajupettai SRO.

Stamp duty and registration fee for property in B.G.M.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, resulting in a total of Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.G.M.Nagar?

The Sub Registrar Office that covers B.G.M.Nagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tevanambapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.G.M.Nagar?

The current guideline value of B.G.M.Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for B.G.M.Nagar has remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate for properties in B.G.M.Nagar?

The stamp duty rate for properties in B.G.M.Nagar is 7% of the guideline value or sale price, whichever is higher.

What are the registration fees for properties in B.G.M.Nagar?

The registration fee for properties in B.G.M.Nagar is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for B.G.M.Nagar located?

The Sub Registrar Office for B.G.M.Nagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.