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Guideline Value

Corporate

Guideline Value for Bhavani Nagar 6th Cross Street

₹1320/sq.ft.

The guideline value for Bhavani Nagar 6th 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 6th Cross Street

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Bhavani Nagar 6th Cross Street guideline value

The current guideline value of Bhavani Nagar 6th 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 it falls under the Residential Class I Type - II land classification.

How the guideline value of Bhavani Nagar 6th Cross Street has changed

Since the 2017 revision, the guideline value for Bhavani Nagar 6th Cross Street has seen significant changes. The value was Rs 804 per sq.ft in 2017, which increased to Rs 1,200 per sq.ft in 2023, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register 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 the same as the guideline value for Bhavani Nagar 6th Cross Street.

Stamp duty and registration fee for property in Bhavani Nagar 6th 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. Please note that 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Bhavani Nagar 6th Cross Street?

The Sub Registrar Office that covers Bhavani Nagar 6th 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 details.

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

The guideline value is a critical factor in property transactions in Pozhichalur, 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 applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Understanding this value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Bhavani Nagar 6th Cross Street?

The current guideline value of Bhavani Nagar 6th 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 reflects an overall increase of 64% over the seven years.

What is the land classification for Bhavani Nagar 6th Cross Street?

Bhavani Nagar 6th Cross Street is classified as Residential Class I Type - II.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Bhavani Nagar 6th Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 13,20,000, the stamp duty would be Rs 92,400 at the rate of 7%.