Guideline Value for B.V.T. NAGAR

B.V.T. Nagar guideline value

The current guideline value of B.V.T. Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Commercial Class I Type - II.

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

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This figure increased by 49% to Rs 600 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent rate of Rs 600 per sq.ft in both the 2023 and 2024 revisions indicates stability in the valuation for this period.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. B.V.T. Nagar's 2024 figure is above this median.

• Chetti Street: Rs 500 per sq.ft (2024)
• Bestha Veethi: Rs 350 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• Dhasthagiri Sahib Street: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Athikulam Street: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost Rs 54,000. 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 precise calculations.

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

The Sub Registrar Office that covers B.V.T. Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Arani. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value helps determine the official value of the property, which may influence the sale price. Buyers and sellers must consider this value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

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

The current guideline value of B.V.T. Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and remained the same in 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the land classification of B.V.T. Nagar?

B.V.T. Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in B.V.T. Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000, leading to a stamp duty of Rs 42,000 and a registration fee of Rs 12,000, totaling Rs 54,000.

Which office handles registrations for B.V.T. Nagar?

The Arani_Tiruvallur Sub Registrar Office handles registrations for B.V.T. Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.