Guideline Value for B.V.R.Nagar - Angala Parameswari Street

B.V.R.Nagar - Angala Parameswari Street guideline value

The current guideline value of B.V.R.Nagar - Angala Parameswari Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of B.V.R.Nagar - Angala Parameswari Street has changed

The guideline value for B.V.R.Nagar - Angala Parameswari Street has undergone several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 362% rise. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2012 figure.

Overall, from 2007 to 2024, the guideline value has increased by 408%. It is important to note that the register has no figures for the years 2002, 2003, 2017, and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 3,850 per sq.ft, making the current value of B.V.R.Nagar - Angala Parameswari Street below this median.

• B.V.R.Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar Main Road: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar - Vivekanandar Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in B.V.R.Nagar - Angala Parameswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.V.R.Nagar - Angala Parameswari Street?

The Sub Registrar Office that covers B.V.R.Nagar - Angala Parameswari Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of B.V.R.Nagar - Angala Parameswari Street?

The current guideline value of B.V.R.Nagar - Angala Parameswari Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 650 per sq.ft to Rs 3,300 per sq.ft in 2024. The most significant rise occurred from 2007 to 2012, with a 362% increase.

What is the land classification of B.V.R.Nagar - Angala Parameswari Street?

B.V.R.Nagar - Angala Parameswari Street is classified as Residential Class II Type - II. This classification impacts the guideline value and property transactions in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for B.V.R.Nagar - Angala Parameswari Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles all registration processes for properties in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.