Guideline Value for BHUTHAR NAGAR (PER)

Bhuthar Nagar (Per) guideline value

The current guideline value of Bhuthar Nagar (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

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

Over the years, the guideline value for Bhuthar Nagar (Per) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it was adjusted to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, followed by a further increase to Rs 661 per sq.ft in the 2024 revision, reflecting a rise of 10%.

From the 2017 revision to the 2023 revision, the increase was notable at 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, placing Bhuthar Nagar's 2024 figure below that median.

• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 661 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 661 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)
• Bharathi Nagar: Rs 660 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty, charged at 7%, would be Rs 46,270, while the registration fee at 2% would be Rs 13,220. Together, the total fees would be Rs 59,490. 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 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Bhuthar Nagar (Per) is Rs 661 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007.

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

Bhuthar Nagar (Per) is classified as Residential Class I Type - III. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property in Bhuthar Nagar (Per)?

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Bhuthar Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by using the provided link.