Guideline Value for BHUVANESHWARI NAGAR (PER)

Bhuvaneshwari Nagar (Per) guideline value

The current guideline value of Bhuvaneshwari Nagar (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification is Residential Class I Type - III.

How the guideline value of Bhuvaneshwari Nagar (Per) has changed

The guideline value for Bhuvaneshwari Nagar (Per) has undergone several revisions over the years. The earliest available revision is from 2012, which set the value at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 has set it at Rs 660 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The changes between the revisions include a significant 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Bhuvaneshwari Nagar (Per) below this median.

• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 440 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 440 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneshwari Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. 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 (Per)?

The Sub Registrar Office that covers Bhuvaneshwari Nagar (Per) is 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 Panangottur

The guideline value is a critical factor when buying or selling property in Panangottur, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property transaction occurs, the guideline value serves as a benchmark for the minimum value at which the property can be registered. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Bhuvaneshwari Nagar (Per)?

The current guideline value of Bhuvaneshwari Nagar (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Bhuvaneshwari Nagar (Per)?

Bhuvaneshwari Nagar (Per) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Bhuvaneshwari Nagar (Per)?

The Sub Registrar Office for Bhuvaneshwari Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Bhuvaneshwari Nagar (Per)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the stamp duty would be Rs 46,200.