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Guideline Value

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Guideline Value for BHUVANESHWARI NAGAR Dr.Abdul Kalam Street

₹2500/sq.ft.

The guideline value for Bhuvaneshwari Nagar Dr.abdul Kalam 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 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)

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 Dr.abdul Kalam Street

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BHUVANESHWARI NAGAR Dr.Abdul Kalam Street guideline value

The current guideline value for BHUVANESHWARI NAGAR Dr.Abdul Kalam Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - II.

How the guideline value of BHUVANESHWARI NAGAR Dr.Abdul Kalam Street has changed

Looking at the revisions, the guideline value for this street was Rs 1,507 per sq.ft in 2017, which increased to Rs 2,250 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 2,500 per sq.ft, marking an increase of 11% from the previous year. The 2012 revision had the value at Rs 2,250 per sq.ft, which was a decrease of 33% from the 2017 figure.

From 2012 to 2024, the overall increase in guideline value is 11%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 value is Rs 2,200 per sq.ft, placing the 2024 figure for BHUVANESHWARI NAGAR Dr.Abdul Kalam Street above this median.

Stamp duty and registration fee for property in BHUVANESHWARI NAGAR Dr.Abdul Kalam 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, while the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers BHUVANESHWARI NAGAR Dr.Abdul Kalam Street?

The Sub Registrar Office that covers BHUVANESHWARI NAGAR Dr.Abdul Kalam 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 when registering property in Nerkundram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When a property is sold, the guideline value serves as a reference point to ensure that the sale price is not significantly lower than the established value, thereby safeguarding the interests of the government in terms of revenue collection.

Frequently asked questions

What is the current guideline value for BHUVANESHWARI NAGAR Dr.Abdul Kalam Street?

The current guideline value for BHUVANESHWARI NAGAR Dr.Abdul Kalam 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 seen several revisions, with the most recent increase of 11% from Rs 2,250 per sq.ft in 2023 to Rs 2,500 per sq.ft in 2024. The value was Rs 1,507 per sq.ft in 2017 and Rs 2,250 per sq.ft in 2012.

What is the land classification for this street?

BHUVANESHWARI NAGAR Dr.Abdul Kalam Street is classified as Residential Class III Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 25,00,000, the total fees would be Rs 2,25,000.

Where can I find the Sub Registrar Office for this street?

The Virugambakkam Sub Registrar Office covers BHUVANESHWARI NAGAR Dr.Abdul Kalam Street and is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.