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Guideline Value

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Guideline Value for BHUTHATHALWAR STREET (WARD -5)

₹1321/sq.ft.

The guideline value for Bhuthathalwar Street (ward -5) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1321 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹1321 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Bhuthathalwar Street (ward -5)

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Bhuthathalwar Street (Ward -5) guideline value

The current guideline value of Bhuthathalwar Street (Ward -5) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Bhuthathalwar Street (Ward -5) has changed

Over the years, the guideline value of Bhuthathalwar Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value then increased to Rs 1,200 per sq.ft in 2012, before rising significantly to Rs 1,321 per sq.ft in the 2023 revision, marking a 49% increase. The current 2024 revision reflects a 10% increase from the previous year.

The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 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, placing Bhuthathalwar Street's 2024 figure above this median.

Stamp duty and registration fee for property in Bhuthathalwar Street (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, leading to a total of Rs 1,18,890. It is important to note that 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 Bhuthathalwar Street (Ward -5)?

The Sub Registrar Office that covers Bhuthathalwar Street (Ward -5) 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 during property registration in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the local market.

Frequently asked questions

What is the current guideline value of Bhuthathalwar Street?

The current guideline value of Bhuthathalwar Street (Ward -5) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024, reflecting a 10% increase. The value has also increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Bhuthar Nagar at Rs 440 per sq.ft, Bhuvaneshwari Nagar and Bhavani Nagar both at Rs 660 per sq.ft, Blue Chip Residency at Rs 990 per sq.ft, and Boothapandian Street at Rs 1,321 per sq.ft in 2024.

What is the registration office for Bhuthathalwar Street?

The registration office for Bhuthathalwar Street (Ward -5) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,21,000, the stamp duty would be 7% of this amount.