Guideline Value for BHAVANI NAGAR ALIAS SUN CITY

Bhavani Nagar Alias Sun City guideline value

The current guideline value of Bhavani Nagar Alias Sun City is Rs 740 per sq.ft, effective from 1 July 2024. This property is located in Kadaperi village, under the Madurandakam SRO, and is classified as Mixed Type - II.

How the guideline value of Bhavani Nagar Alias Sun City has changed

The guideline value for Bhavani Nagar Alias Sun City has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are Rs 670 per sq.ft from the 2023 revision and Rs 740 per sq.ft from the 2024 revision, which reflects an increase of 10% from the previous year.

In summary, the guideline value moved from Rs 670 per sq.ft in 2023 to Rs 740 per sq.ft in 2024. This increase indicates a significant adjustment in property valuation for this area.

Guideline values in Kadaperi

Kadaperi village has a range of guideline values across its 24 streets under the Madurandakam SRO, with figures for 2024 ranging from Rs 330 to Rs 1,100 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, placing Bhavani Nagar Alias Sun City above that median.

• Amrith Nagar: Rs 550 per sq.ft (2024)
• Ajith Avenue: Rs 1,100 per sq.ft (2024)
• Housing Board: Rs 440 per sq.ft (2024)
• Kadapperi Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Nagar Alias Sun City

For a 1,000 sq.ft plot at the current guideline value of Rs 740 per sq.ft, the total guideline value would be Rs 7,40,000. The stamp duty at 7% would amount to Rs 51,800, and the registration fee at 2% would be Rs 14,800, making the total cost for stamp duty and registration fees Rs 66,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bhavani Nagar Alias Sun City?

The Sub Registrar Office that covers Bhavani Nagar Alias Sun City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Kadaperi. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory expenses when buying or selling property.

Frequently asked questions

What is the current guideline value of Bhavani Nagar Alias Sun City?

The current guideline value of Bhavani Nagar Alias Sun City is Rs 740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2023 to Rs 740 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Bhavani Nagar Alias Sun City?

Bhavani Nagar Alias Sun City is classified as Mixed Type - II under the land classification system.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,40,000, the stamp duty would be Rs 51,800 at 7%, and the registration fee would be Rs 14,800 at 2%, totaling Rs 66,600. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Bhavani Nagar Alias Sun City?

The registration for Bhavani Nagar Alias Sun City is handled by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.