Guideline Value for Bhavani Nagar 4th Main Road

Bhavani Nagar 4th Main Road guideline value

The current guideline value of Bhavani Nagar 4th Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This road is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Bhavani Nagar 4th Main Road has changed

The guideline value for Bhavani Nagar 4th Main Road has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 shows a further increase to Rs 1,320 per sq.ft, which is a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is also the guideline value for Bhavani Nagar 4th Main Road.

• Bhavani Nagar 4th Cross Street: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar 4th Street: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar 3rd Cross Street: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar 6th Cross Street: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar 2nd Main Road: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar 1st Main Road: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavani Nagar 4th Main Road

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, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhavani Nagar 4th Main Road?

The Sub Registrar Office that covers Bhavani Nagar 4th Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 is an important figure used in the registration of property transactions in Pozhichalur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency in transactions and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Bhavani Nagar 4th Main Road?

The current guideline value of Bhavani Nagar 4th Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024.

What is the land classification for Bhavani Nagar 4th Main Road?

The land classification for Bhavani Nagar 4th Main Road is Residential Class I Type - II.

What are the stamp duty rates for property in this area?

The stamp duty rate for property transactions in this area is 7%, which is applied to the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Bhavani Nagar 4th Main Road?

The Sub Registrar Office for Bhavani Nagar 4th Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.