Guideline Value for Bairavar Nagar

Bairavar Nagar guideline value

The current guideline value of Bairavar Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Bairavar Nagar has changed

The guideline value of Bairavar Nagar has seen several revisions over the years. In 2012, the value was Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 167 per sq.ft, marking a decrease of 33%. The value then increased significantly by 50% in the 2023 revision, bringing it back to Rs 250 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, making Bairavar Nagar's 2024 figure equal to this median.

• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Beauty Dreams: Rs 300 per sq.ft (2024)
• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Ananthapuram: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Bairavar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bairavar Nagar?

The Sub Registrar Office that covers Bairavar Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Mannoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property transactions. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Bairavar Nagar?

The current guideline value of Bairavar Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 167 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Bairavar Nagar?

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

What are the stamp duty and registration fees for property transactions in Bairavar Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 22,500.

Where is the Sub Registrar Office for Bairavar Nagar located?

The Sub Registrar Office for Bairavar Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.