Guideline Value for BHAVATHARANI NAGAR PART I & II

Bhavatharani Nagar Part I & II guideline value

The current guideline value of Bhavatharani Nagar Part I & II is Rs 1,493 per sq.ft. This locality is situated in Kalvai village, under the Thiruporur SRO, and is classified as Residential Special Type - III.

How the guideline value of Bhavatharani Nagar Part I & II has changed

According to the guideline value register, there are no figures available for Bhavatharani Nagar Part I & II for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded the guideline value at Rs 1,493 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 1,493 per sq.ft. This indicates that there has been no percentage change between the 2023 and 2024 revisions.

Thus, the guideline value for Bhavatharani Nagar Part I & II has remained stable over the last two revisions, with the latest figure being Rs 1,493 per sq.ft since 2023.

Guideline values in Kalvai

In Kalvai village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Bhavatharani Nagar Part I & II above this median.

• Dhanalakshmi Garden: Rs 1,764 per sq.ft (2024)
• Amsa Nagar: Rs 1,493 per sq.ft (2024)
• Karpagam Nagar: Rs 600 per sq.ft (2024)
• Maruthi Avenue: Rs 1,000 per sq.ft (2024)
• Mgm Green Hill: Rs 3,000 per sq.ft (2024)
• Ramakrishna Avenue: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavatharani Nagar Part I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total fees together to Rs 1,34,370. 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 Bhavatharani Nagar Part I & II?

The Sub Registrar Office that covers Bhavatharani Nagar Part I & II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For further assistance, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Kalvai. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is crucial for buyers and sellers to be aware of the guideline value, as it directly influences the costs associated with the registration process. Proper understanding of these values can aid in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Bhavatharani Nagar Part I & II?

The current guideline value of Bhavatharani Nagar Part I & II is Rs 1,493 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 1,493 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Bhavatharani Nagar Part I & II?

Bhavatharani Nagar Part I & II is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is set at 2%. For a property valued at Rs 14,93,000, the total fees would amount to Rs 1,34,370.

Which office handles property registrations for Bhavatharani Nagar Part I & II?

The Thiruporur Sub Registrar Office is responsible for property registrations in Bhavatharani Nagar Part I & II, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.