Guideline Value for BHUVANESHWARI NAGAR

Bhuvaneshwari Nagar guideline value

The current guideline value of Bhuvaneshwari Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024. This locality is part of Allappakkam village under the Chengleput Joint I SRO and is classified as Residential Class II Type - III.

How the guideline value of Bhuvaneshwari Nagar has changed

The guideline value for Bhuvaneshwari Nagar has remained consistent over recent years. The 2023 revision also listed the guideline value at Rs 2,000 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 to the 2024 revision, there was no change in the guideline value, remaining at Rs 2,000 per sq.ft. This indicates stability in the valuation for this period.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Bhuvaneshwari Nagar's 2024 figure above that median.

• Dhanalakshmi Nagar: Rs 902 per sq.ft (2024)
• Doctor's Enclave: Rs 902 per sq.ft (2024)
• Fathima Garden: Rs 1,200 per sq.ft (2024)
• Golden King Nagar: Rs 1,102 per sq.ft (2024)
• Govintharaj Nagar: Rs 800 per sq.ft (2024)
• Harigtan nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty is charged at 7%, which totals Rs 1,40,000, and the registration fee is 2%, amounting to Rs 40,000. Therefore, the total cost for these fees together is Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuvaneshwari Nagar?

The Sub Registrar Office that covers Bhuvaneshwari Nagar is the Chengleput Joint I 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 Allappakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Allappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Bhuvaneshwari Nagar?

The current guideline value of Bhuvaneshwari Nagar is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Bhuvaneshwari Nagar?

Bhuvaneshwari Nagar is classified as Residential Class II Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for properties in Bhuvaneshwari Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 20,00,000, the total fees would amount to Rs 1,80,000.

Which office handles registrations for Bhuvaneshwari Nagar?

The Chengleput Joint I Sub Registrar Office handles registrations for Bhuvaneshwari Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.