Guideline Value for B.S.N.L. NAGAR

B.S.N.L. Nagar guideline value

The current guideline value of B.S.N.L. Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is registered with the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class II Type - III.

How the guideline value of B.S.N.L. Nagar has changed

The guideline value for B.S.N.L. Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 400 per sq.ft. However, in the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 400 per sq.ft, resulting in a 49% rise from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 400 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. B.S.N.L. Nagar is one of the streets listed under this locality.

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

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, totaling Rs 28,000, while the registration fee is 2%, amounting to Rs 8,000. Together, the total fees would be Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B.S.N.L. Nagar?

The B.S.N.L. Nagar area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process for property transactions in Thozhuvur. It is used to determine the applicable stamp duty and registration fees, which are essential for completing the sale legally.

When buying or selling property, the guideline value serves as a reference point for both the buyer and seller. It ensures that the transaction is recorded accurately and helps in calculating the necessary fees based on the established rates.

Frequently asked questions

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

The current guideline value of B.S.N.L. Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, and then back to Rs 400 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023.

What are the stamp duty and registration fees for properties in B.S.N.L. Nagar?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 28,000, and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for B.S.N.L. Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for B.S.N.L. Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

No specific figures for other streets in Thozhuvur have been provided. B.S.N.L. Nagar is the primary focus for the guideline value information available.