Guideline Value for BHUTHAR NAGAR (PER)

Bhuthar Nagar (Per) guideline value

The current guideline value of Bhuthar Nagar (Per) is Rs 440 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 II Type - II.

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

The guideline value for Bhuthar Nagar (Per) has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 400 per sq.ft. This value decreased to Rs 268 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bhuthar Nagar (Per) below that median.

• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)
• Bhavani 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 Bhuthar Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuthar Nagar (Per)?

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

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 is used to determine the stamp duty and registration fees that need to be paid during the transaction. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a buyer or seller approaches the registration office, the guideline value will be referenced to calculate the necessary fees. This value helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

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

The current guideline value of Bhuthar Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017. It then increased to Rs 400 per sq.ft in 2023 and is now at Rs 440 per sq.ft in 2024.

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

Bhuthar Nagar (Per) is classified as Residential Class II Type - II, indicating its suitability for residential development.

How is stamp duty calculated for properties in Bhuthar Nagar (Per)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at 7%.

Where can I find the Sub Registrar Office for Bhuthar Nagar (Per)?

The Chengleput Joint II Sub Registrar Office covers Bhuthar Nagar (Per) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.