Guideline Value for BIJIVA NAGAR

Bijiva Nagar guideline value

The current guideline value of Bijiva Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Bijiva Nagar has changed

Over the years, the guideline value of Bijiva Nagar has seen several revisions. The 2017 revision set the value at Rs 134 per sq.ft, which increased to Rs 200 per sq.ft in 2023. The most recent revision in 2024 has raised the guideline value to Rs 220 per sq.ft, marking a significant increase of 64% from the 2017 figure.

Between the 2023 and 2024 revisions, the guideline value increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with the median being Rs 220 per sq.ft. Bijiva Nagar's 2024 figure aligns with this median.

• B. Jeeva Nagar: Rs 220 per sq.ft (2024)
• Bharathi Nagar: Rs 220 per sq.ft (2024)
• Chamundeeswari Nagar: Rs 220 per sq.ft (2024)
• Barathiyamman Nagar: Rs 220 per sq.ft (2024)
• Balamurugan Nagar: Rs 220 per sq.ft (2024)
• Bagavathiyamman Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Bijiva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, while the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. 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 Bijiva Nagar?

Bijiva Nagar is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Vallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property transaction occurs, the guideline value is assessed to calculate the applicable fees. Buyers and sellers must be aware of these values to ensure that they are prepared for the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Bijiva Nagar?

The current guideline value of Bijiva Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates in Bijiva Nagar?

The stamp duty rate in Bijiva Nagar is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I visit for transactions in Bijiva Nagar?

The Thiruvottiyur Sub Registrar Office covers Bijiva Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

Are there other streets in Vallur with the same guideline value?

Yes, there are several other streets in Vallur that share the same guideline value of Rs 220 per sq.ft in 2024, including B. Jeeva Nagar, Bharathi Nagar, and Chamundeeswari Nagar.