Guideline Value for B.L. Naidu Nagar

B.L. Naidu Nagar guideline value

The current guideline value of B.L. Naidu Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of B.L. Naidu Nagar has changed

The guideline value for B.L. Naidu Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The latest revision in 2024 maintains the same value of Rs 1,200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. B.L. Naidu Nagar's 2024 figure is above this median.

• Buvaneshwari Nagar: Rs 400 per sq.ft (2024)
• Bypass Road (Ward 2): Rs 2,500 per sq.ft (2024)
• Casa Grande Futura: Rs 1,200 per sq.ft (2024)
• Bharathi Nagar: Rs 1,200 per sq.ft (2024)
• Chanduvazhi Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Chekkadi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in B.L. Naidu Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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.L. Naidu Nagar?

The Sub Registrar Office that covers B.L. Naidu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of B.L. Naidu Nagar?

The current guideline value of B.L. Naidu Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for B.L. Naidu Nagar has increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, showing a 49% increase overall since 2017.

What is the land classification for B.L. Naidu Nagar?

B.L. Naidu Nagar falls under the Residential Class I Type - I land classification, which is typical for residential areas in Tamil Nadu.

Where is the Sub Registrar Office for B.L. Naidu Nagar located?

The Sub Registrar Office for B.L. Naidu Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in B.L. Naidu Nagar?

Stamp duty for properties in B.L. Naidu Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied.