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 660 per sq.ft, effective from 1 July 2024. This area is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II 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 earliest recorded revision is from 2012, where the value was Rs 600 per sq.ft. In 2017, this value decreased to Rs 402 per sq.ft, marking a decline of 33%. The 2023 revision saw an increase to Rs 600 per sq.ft, followed by a further increase to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making Bhuvaneswari Amman Nagar's current value below that median.

• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• C.B.S.C Nagar (Val): Rs 881 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 881 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 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, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Bhuvaneswari Amman Nagar (Ward-21) area is covered by 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 Thailavaram

The guideline value is a crucial factor in the registration process for property transactions in Thailavaram. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the legal standing of the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Amman Nagar (Ward-21)?

The current guideline value of Bhuvaneswari Amman Nagar (Ward-21) 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 land classification for Bhuvaneswari Amman Nagar?

The land classification for Bhuvaneswari Amman Nagar (Ward-21) is Residential Class II Type - I.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for property in Bhuvaneswari Amman Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 46,200.