Guideline Value for Bhirundhavan Nagar

Bhirundhavan Nagar guideline value

The current guideline value of Bhirundhavan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Pillaippakkam-A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bhirundhavan Nagar has changed

In the 2017 revision, the guideline value for Bhirundhavan Nagar was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, with the value still at Rs 400 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 400 per sq.ft, indicating no percentage change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The revisions for the years 2002, 2003, 2007, and 2012 have no figures recorded for this street.

Guideline values in Pillaippakkam-A

Pillaippakkam-A has a total of 49 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Bhirundhavan Nagar's 2024 figure above this median.

• Bramanar Street: Rs 400 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)
• Beauty Greens: Rs 300 per sq.ft (2024)
• Beauty Farms: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Cyrstel Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bhirundhavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhirundhavan Nagar?

The Sub Registrar Office that covers Bhirundhavan 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 Pillaippakkam-A

The guideline value plays a crucial role in the registration process when buying or selling property in Pillaippakkam-A. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bhirundhavan Nagar?

The current guideline value of Bhirundhavan Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024.

What is the land classification for Bhirundhavan Nagar?

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

Where can I find the Sub Registrar Office for Bhirundhavan Nagar?

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

How is stamp duty calculated for properties in Bhirundhavan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a total stamp duty of Rs 28,000.