Guideline Value for BHUVANESWARI AMMAN NAGAR (WARD-21)

Bhuvaneswari Amman Nagar (Ward-21) guideline value

The current guideline value of Bhuvaneswari Amman Nagar (Ward-21) is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Bhuvaneswari Amman Nagar (Ward-21) has changed

The guideline value for Bhuvaneswari Amman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The change from 2023 to 2024 reflects a 10% rise. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Bhuvaneswari Amman Nagar's 2024 figure above that median.

• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• C.B.S.C Nagar (Val): Rs 880 per sq.ft (2024)
• Bharathiar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 880 per sq.ft (2024)
• Chamudeeswari Nagar (Ward-21): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneswari Amman Nagar (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuvaneswari Amman Nagar (Ward-21)?

The Sub Registrar Office that covers Bhuvaneswari Amman Nagar (Ward-21) 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 Potheri

The guideline value is a crucial factor in the registration process when buying or selling property in Potheri. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps in ensuring that the transaction is recorded at a fair value. This value is used to calculate the necessary fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Amman Nagar?

The current guideline value of Bhuvaneswari Amman Nagar (Ward-21) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and is currently Rs 1,100 per sq.ft in 2024.

What is the median guideline value in Potheri?

The median guideline value for streets in Potheri is Rs 770 per sq.ft. Bhuvaneswari Amman Nagar's 2024 figure is above this median.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Bhuvaneswari Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a total guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000.