Guideline Value for BHUVANESHWARI NAGAR (PER)

Bhuvaneshwari Nagar (Per) guideline value

The current guideline value of Bhuvaneshwari Nagar (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - III land classification.

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

Over the years, the guideline value of Bhuvaneshwari Nagar (Per) has seen several revisions. The earliest available figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The value then increased significantly to Rs 600 per sq.ft in 2023, and most recently to Rs 661 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value rose by 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, positioning Bhuvaneshwari Nagar (Per) below this median.

• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 661 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 661 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 550 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees to Rs 59,490. 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 further calculations.

Which Sub Registrar Office covers Bhuvaneshwari Nagar (Per)?

Bhuvaneshwari Nagar (Per) falls under 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 Peramanoor

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

During the registration process, the stamp duty and registration fees are calculated based on the higher of the guideline value or the agreed sale price. This ensures that all transactions are fairly assessed and documented according to the established guideline values.

Frequently asked questions

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

The current guideline value of Bhuvaneshwari Nagar (Per) is Rs 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

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

For a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 and the registration fee would be Rs 13,220, totaling Rs 59,490. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Bhuvaneshwari Nagar (Per)?

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

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

Bhuvaneshwari Nagar (Per) is classified as Residential Class I Type - III, indicating its suitability for residential development within the area.