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 Sattamangalam 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

The guideline value for Bhuthar Nagar (Per) has undergone several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in 2023, and currently stands at Rs 440 per sq.ft as of the 2024 revision. The register has no figures for this street for the years 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and saw a further increase of 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

Sattamangalam village features a total of 425 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Bhuthar Nagar (Per) below this 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 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 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, and the registration fee at 2% would be Rs 8,800. The total fees together would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuthar Nagar (Per)?

Bhuthar Nagar (Per) falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of properties in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When you register a property, the guideline value helps ensure that the transaction is recorded at a fair value. It is essential for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their 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 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and is currently Rs 440 per sq.ft in 2024.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Bhuthar Nagar (Per) being below this median at Rs 440 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Bhuthar Nagar (Per)?

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