Guideline Value for BELL NAGAR

Bell Nagar guideline value

The current guideline value of Bell Nagar, located in Perumbedu village under the Ponneri SRO, is Rs 100 per sq.ft, effective from the 2024 revision. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bell Nagar has changed

Over the years, the guideline value of Bell Nagar has seen several revisions. The 2012 revision set the guideline value at Rs 100 per sq.ft, which was a decrease of 33% from the 2017 revision that had it at Rs 67 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

In subsequent revisions, the guideline value remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these years. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 100 per sq.ft.

Guideline values in Perumbedu

In Perumbedu, there are three streets under the Ponneri SRO that carry the same 2024 guideline value of Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. Bell Nagar's 2024 figure aligns with this median.

• Annai Gomathy Amman Nagar: Rs 100 per sq.ft (2024)
• Gomathi Amman Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Bell Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. 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 more details.

Which Sub Registrar Office covers Bell Nagar?

The Sub Registrar Office that covers Bell Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Perumbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps in calculating the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bell Nagar?

The current guideline value of Bell Nagar is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a previous decrease from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What are the registration fees for property in Bell Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bell Nagar?

The Ponneri Sub Registrar Office handles registrations for Bell Nagar. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What should I know about the guideline value when buying property?

The guideline value is crucial for calculating the stamp duty and registration fees during property transactions. It ensures that both buyers and sellers understand their financial responsibilities when registering the property.