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 Vallancheri 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

Over the years, the guideline value for Bhuvaneswari Amman Nagar has seen several revisions. 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 2023 revision increased the value back to Rs 1,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions are as follows: from 2012 to 2017, there was a decrease of 33%. However, the value rose by 49% from 2017 to 2023, and subsequently increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 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 825 per sq.ft, placing Bhuvaneswari Amman Nagar's 2024 figure above this 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 amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vallancheri. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the established rates.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable fees. This ensures that both the government and the parties involved in the transaction are protected and that the fees reflect the true value of the property.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 1,100 per sq.ft from Rs 1,000 per sq.ft in 2023. There was a significant increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Bhuvaneswari Amman Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Bhuvaneswari Amman Nagar. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Bhuvaneswari Amman Nagar?

Bhuvaneswari Amman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.