Guideline Value for BHAVANI ESWARI NAGAR

Bhavani Eswari Nagar guideline value

The current guideline value of Bhavani Eswari Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Minjur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Bhavani Eswari Nagar has changed

The guideline value of Bhavani Eswari Nagar has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Bhavani Eswari Nagar.

• Bharathi Nagar: Rs 440 per sq.ft (2024)
• Best & Crompton Nagar: Rs 550 per sq.ft (2024)
• B.D.O.Aps Bakthavachalam Salai: Rs 550 per sq.ft (2024)
• Bazzar Salai (T.H. Road): Rs 1,320 per sq.ft (2024)
• Chozhan Nagar: Rs 880 per sq.ft (2024)
• C.K.G. Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Eswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bhavani Eswari Nagar?

Bhavani Eswari Nagar falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a critical factor when registering a property in Minjur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is documented accurately, reflecting the value of the property as per the government’s assessment. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Bhavani Eswari Nagar?

The current guideline value of Bhavani Eswari Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

What are the other streets in Minjur with their guideline values?

Other streets in Minjur include Bharathi Nagar at Rs 440 per sq.ft, Best & Crompton Nagar at Rs 550 per sq.ft, and Bazzar Salai (T.H. Road) at Rs 1,320 per sq.ft, among others.

What is the registration fee for property in Bhavani Eswari Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 5,50,000, the registration fee would be Rs 11,000, which is 2% of the guideline value.

Where can I find the Sub Registrar Office for Bhavani Eswari Nagar?

The Ponneri Sub Registrar Office covers Bhavani Eswari Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information through the provided link.