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 Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

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 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. The value then increased to Rs 600 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The current 2024 revision has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bhuvaneshwari Nagar (Per) below that 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 660 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 would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total cost to Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuvaneshwari Nagar (Per)?

Bhuvaneshwari Nagar (Per) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Sattamangalam?

The median guideline value in Sattamangalam is Rs 1,100 per sq.ft, with Bhuvaneshwari Nagar (Per) being below this median.

What are the stamp duty rates for property in Bhuvaneshwari Nagar (Per)?

The stamp duty for property in Bhuvaneshwari Nagar (Per) is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Bhuvaneshwari Nagar (Per) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.