Guideline Value for B.V.R.Nagar

B.V.R.Nagar guideline value

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

How the guideline value of B.V.R.Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 650 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 362%. The value remained unchanged at Rs 3,000 per sq.ft until the 2023 revision, when it increased to Rs 3,300 per sq.ft, reflecting a 10% increase.

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

Guideline values in Valasaravakkam

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

• B.V.R.Nagar 1st 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 3rd 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 - Angala Parameswari Street: Rs 3,300 per sq.ft (2024)
• B.V.R.Nagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in B.V.R.Nagar

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, resulting in a total of 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.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers B.V.R.Nagar?

B.V.R.Nagar 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 408% over this period.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 3,300 per sq.ft include B.V.R.Nagar 1st Street, 2nd Street, 3rd Street, 4th Street, Angala Parameswari Street, and B.V.R.Nagar Main Road.

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

The Virugambakkam Sub Registrar Office, which covers B.V.R.Nagar, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated in B.V.R.Nagar?

Stamp duty in B.V.R.Nagar is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.