Guideline Value for B.V.R.Nagar Main Road

B.V.R.Nagar Main Road guideline value

The current guideline value of B.V.R.Nagar Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for B.V.R.Nagar Main Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, placing B.V.R.Nagar Main Road's 2024 figure below this median.

• B.V.R.Nagar - Angala Parameswari 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 4th Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar 3rd 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 Main Road

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 cost for these fees to Rs 2,97,000. It is important to note that the 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 Main Road?

The B.V.R.Nagar Main Road falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further details.

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

The guideline value is a critical component when registering property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value for properties in the area.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the financial aspects of the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of B.V.R.Nagar Main Road?

The current guideline value of B.V.R.Nagar Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There were no changes recorded for the years 2003, 2007, and 2017.

What are the guideline values of other streets in Valasaravakkam?

Other streets in Valasaravakkam under the Virugambakkam SRO have guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. B.V.R.Nagar Main Road's value is Rs 3,300 per sq.ft, which is below the median of Rs 3,850 per sq.ft.

What fees are associated with buying property in B.V.R.Nagar Main Road?

When buying property in B.V.R.Nagar Main Road, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,97,000 based on the current guideline value.

Where can I find the Sub Registrar Office for B.V.R.Nagar Main Road?

The Sub Registrar Office covering B.V.R.Nagar Main Road is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles all property registrations in the area.