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Guideline Value

Corporate

Guideline Value for BHUTHAR NAGAR (PER)

₹440/sq.ft.

The guideline value for Bhuthar Nagar (per) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bhuthar Nagar (per)

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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 Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

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

Over the years, the guideline value for Bhuthar Nagar (Per) has undergone several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 268 per sq.ft. However, the subsequent revisions saw a significant increase; the 2023 revision raised the value to Rs 400 per sq.ft, followed by the current 2024 revision which increased it to Rs 440 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the latest value of Rs 440 per sq.ft.

Guideline values in Ninna Karai

Ninna Karai village comprises 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Bhuthar Nagar (Per) is below this median.

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 amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and 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.

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

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 more information.

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

The guideline value is a crucial factor when buying or selling property in Ninna Karai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

When you proceed with a property transaction, the guideline value ensures that the property is not undervalued, thereby safeguarding the interests of both the buyer and the government in terms of revenue collection.

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 revisions: Rs 400 per sq.ft in 2012, Rs 268 per sq.ft in 2017, Rs 400 per sq.ft in 2023, and the current Rs 440 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

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

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

What is the registration office for Bhuthar Nagar (Per)?

The registration office for Bhuthar Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 440 per sq.ft incurs a total guideline value of Rs 4,40,000, leading to a stamp duty of Rs 30,800.