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Guideline Value

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Guideline Value for BHUVANESHWARI NAGAR 13th Cross Street

₹2500/sq.ft.

The guideline value for Bhuvaneshwari Nagar 13th Cross Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bhuvaneshwari Nagar 13th Cross Street

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BHUVANESHWARI NAGAR 13th Cross Street guideline value

The current guideline value of BHUVANESHWARI NAGAR 13th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of BHUVANESHWARI NAGAR 13th Cross Street has changed

The guideline value has undergone several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which saw a significant increase to Rs 2,250 per sq.ft in 2012, marking a rise of 543%. However, this value dropped to Rs 1,507 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 2,250 per sq.ft, which then increased to Rs 2,500 per sq.ft in 2024, reflecting an 11% rise.

Overall, from 2007 to 2024, the guideline value has increased by 614%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning BHUVANESHWARI NAGAR 13th Cross Street above that median.

Stamp duty and registration fee for property in BHUVANESHWARI NAGAR 13th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHUVANESHWARI NAGAR 13th Cross Street?

The Sub Registrar Office that covers BHUVANESHWARI NAGAR 13th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for BHUVANESHWARI NAGAR 13th Cross Street?

The current guideline value for BHUVANESHWARI NAGAR 13th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, representing an overall increase of 614% over the years.

What is the land classification for this area?

The land classification for BHUVANESHWARI NAGAR 13th Cross Street is Residential Class III Type - II.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which office handles registrations for BHUVANESHWARI NAGAR 13th Cross Street?

The Virugambakkam Sub Registrar Office handles registrations for BHUVANESHWARI NAGAR 13th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.