Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for BHUVANESHWARI NAGAR 4th Cross Street

₹2500/sq.ft.

The guideline value for Bhuvaneshwari Nagar 4th 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 4th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

BHUVANESHWARI NAGAR 4th Cross Street guideline value

The current guideline value of BHUVANESHWARI NAGAR 4th Cross Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and falls under Residential Class III Type - II land classification.

How the guideline value of BHUVANESHWARI NAGAR 4th 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 increased significantly to Rs 2,250 per sq.ft in 2012. This was followed by a decrease to Rs 1,507 per sq.ft in 2017. The 2023 revision saw the value rise to Rs 2,250 per sq.ft, and the latest revision in 2024 set it at Rs 2,500 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall increase in guideline value is 614%. The changes between specific revisions include an increase of 543% from 2007 to 2012, a decrease of 33% from 2012 to 2017, and an increase of 49% from 2017 to 2023. The jump from 2023 to 2024 is 11%.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, and BHUVANESHWARI NAGAR 4th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in BHUVANESHWARI NAGAR 4th 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 be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHUVANESHWARI NAGAR 4th Cross Street?

The Sub Registrar Office that covers BHUVANESHWARI NAGAR 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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 price at which a property can be sold and is used to calculate the stamp duty and registration fees payable at the time of registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of BHUVANESHWARI NAGAR 4th Cross Street?

The current guideline value of BHUVANESHWARI NAGAR 4th 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 are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with the same guideline value of Rs 2,500 per sq.ft include BHUVANESHWARI NAGAR 2nd, 3rd, 5th, 6th, 7th, and 8th Cross Streets.

What is the stamp duty rate for properties in BHUVANESHWARI NAGAR 4th Cross Street?

The stamp duty rate for properties in BHUVANESHWARI NAGAR 4th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for BHUVANESHWARI NAGAR 4th Cross Street?

The Sub Registrar Office for BHUVANESHWARI NAGAR 4th Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.