Guideline Value for Bhavathara

Bhavathara guideline value

The current guideline value of Bhavathara is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Class IV Type - III.

How the guideline value of Bhavathara has changed

The guideline value for Bhavathara has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, which is an increase from Rs 1,205 per sq.ft in the 2023 revision, marking an 8% rise. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, there were no recorded figures for Bhavathara in the guideline value register. The 2024 value of Rs 1,300 per sq.ft is below the median value of Rs 2,725 per sq.ft for the 225 streets in Perumbakkam under the Selaiyur SRO.

Guideline values in Perumbakkam

In Perumbakkam, the guideline values range from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. Bhavathara's 2024 guideline value of Rs 1,300 per sq.ft is below this median.

• Bharathiyar Street: Rs 2,200 per sq.ft (2024)
• Bollineni Hillside: Rs 2,725 per sq.ft (2024)
• Bharathi Vidyalaya Palli: Rs 2,725 per sq.ft (2024)
• Casa Grande "cherry Pick": Rs 2,725 per sq.ft (2024)
• Casa Vogue: Rs 2,725 per sq.ft (2024)
• Chandrasekaran Nagar: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Bhavathara

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Bhavathara?

The Sub Registrar Office that covers Bhavathara is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO online for more information.

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

The guideline value is a critical factor in property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees when a property is bought or sold. Buyers and sellers need to be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the associated costs. It is essential for both parties to understand the implications of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Bhavathara?

The current guideline value of Bhavathara is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bhavathara was Rs 1,205 per sq.ft in 2023, which increased by 8% to Rs 1,300 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Perumbakkam?

The median guideline value in Perumbakkam is Rs 2,725 per sq.ft, which is higher than Bhavathara's current value of Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for property in Bhavathara?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,17,000, based on a guideline value of Rs 13,00,000.

Where can I find the Sub Registrar Office for Bhavathara?

The Sub Registrar Office for Bhavathara is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information online.