Guideline Value for BIRUNDHAVAN NAGAR

Birundhavan Nagar guideline value

The current guideline value of Birundhavan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Birundhavan Nagar has changed

The guideline value for Birundhavan Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there was no change from 2023 to 2024. Overall, from 2017 to 2024, the increase is also 49%.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with the median being Rs 400 per sq.ft. Birundhavan Nagar's 2024 guideline value aligns with this median.

• Cauvery Nagar: Rs 400 per sq.ft (2024)
• Ceeon Nagar: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Dps Nagar: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Anand Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Birundhavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Birundhavan Nagar?

The Sub Registrar Office covering Birundhavan Nagar 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 details.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a critical factor during the registration of property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This value helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Birundhavan Nagar?

The current guideline value of Birundhavan Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in 2024, marking a 49% increase overall. There was no change from 2023 to 2024.

What is the land classification of Birundhavan Nagar?

Birundhavan Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Birundhavan Nagar?

The Chengleput Joint II Sub Registrar Office covers Birundhavan Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that buyers and sellers are aware of their financial obligations when registering a property.