Guideline Value for BHAVANI NAGAR (PER)

Bhavani Nagar (Per) guideline value

The current guideline value for Bhavani Nagar (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Bhavani Nagar (Per) has changed

The guideline value for Bhavani Nagar (Per) has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 600 per sq.ft. In 2017, this value decreased to Rs 402 per sq.ft, marking a decline of 33%. The 2023 revision saw a significant increase to Rs 600 per sq.ft, followed by a further rise to Rs 660 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Bhavani Nagar (Per) below this median value.

• Bhuthar Nagar (Per): Rs 440 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)
• Blue Chip Residency (Kr): Rs 990 per sq.ft (2024)
• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• B R Nagar (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that 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 Bhavani Nagar (Per)?

The Sub Registrar Office that covers Bhavani Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that all transactions are in line with the established values set by the government. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Bhavani Nagar (Per)?

The current guideline value of Bhavani Nagar (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, showing an overall increase of 10%. Notably, there was a significant increase of 49% from 2017 to 2023.

What is the land classification for Bhavani Nagar (Per)?

Bhavani Nagar (Per) is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Bhavani Nagar (Per).

How is stamp duty calculated in Bhavani Nagar (Per)?

Stamp duty in Bhavani Nagar (Per) is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.