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Guideline Value

Corporate

Guideline Value for Bhavani Nagar 3rd Cross Street

₹1320/sq.ft.

The guideline value for Bhavani Nagar 3rd Cross Street in Pozhichalur village (Pammal SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pozhichalur

Village

Pammal

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bhavani Nagar 3rd Cross Street

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Bhavani Nagar 3rd Cross Street guideline value

The current guideline value of Bhavani Nagar 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Bhavani Nagar 3rd Cross Street has changed

The guideline value for Bhavani Nagar 3rd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is an increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, in 2017, the value was Rs 804 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, there has been an overall increase of 64%. The change from 2023 to 2024 represents a 10% increase in the guideline value.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the 2024 figure for Bhavani Nagar 3rd Cross Street.

Stamp duty and registration fee for property in Bhavani Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhavani Nagar 3rd Cross Street?

The Sub Registrar Office that covers Bhavani Nagar 3rd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that are payable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives its due revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Bhavani Nagar 3rd Cross Street?

The current guideline value of Bhavani Nagar 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024. This represents an overall increase of 64% over these years.

What is the stamp duty rate for property in Bhavani Nagar 3rd Cross Street?

The stamp duty rate for property in Bhavani Nagar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration in Bhavani Nagar 3rd Cross Street?

The Pammal Sub Registrar Office handles property registration for Bhavani Nagar 3rd Cross Street, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pozhichalur?

The median guideline value for streets in Pozhichalur under the Pammal SRO is Rs 1,320 per sq.ft, which is the same as the current guideline value for Bhavani Nagar 3rd Cross Street.