Guideline Value for Benzigar Nagar

Benzigar Nagar guideline value

The current guideline value of Benzigar Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Benzigar Nagar has changed

Over the years, the guideline value of Benzigar Nagar has seen several revisions. The register has no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 167 per sq.ft, which increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 250 per sq.ft, reflecting no change from the previous year.

From the 2017 revision to the 2024 revision, the overall change has been an increase of 50%. This stability in the guideline value from 2023 to 2024 indicates a consistent valuation for Benzigar Nagar.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the 2024 figure for Benzigar Nagar.

• Bhagavathy Nagar: Rs 200 per sq.ft (2024)
• Bangaru Ammal Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Bharathiyar Street: Rs 150 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Benzigar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value would be 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 to Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Benzigar Nagar?

The Sub Registrar Office covering Benzigar 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Benzigar Nagar?

The current guideline value of Benzigar 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 from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the land classification of Benzigar Nagar?

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

What are the stamp duty rates for property in Benzigar Nagar?

The stamp duty rate for property transactions in Benzigar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Benzigar Nagar located?

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