Guideline Value for Bhrama sakthi Nagar

Bhrama sakthi Nagar guideline value

The current guideline value of Bhrama sakthi Nagar is Rs 1,300 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Bhrama sakthi Nagar has changed

Over the years, the guideline value of Bhrama sakthi Nagar has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged until the 2023 revision, where it was again set at Rs 1,300 per sq.ft. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft, marking a decrease of 33%. From 2017 to 2023, there was a significant increase of 49% in the guideline value.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained stable, with no change from Rs 1,300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Nalambakkam

As of now, there are no specific village figures provided for Nalambakkam. Bhrama sakthi Nagar is one of the areas under the Gooduvancheri SRO, and currently, there are no other streets in Nalambakkam listed with guideline values.

Stamp duty and registration fee for property in Bhrama sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is crucial 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhrama sakthi Nagar?

The Sub Registrar Office that covers Bhrama sakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nalambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bhrama sakthi Nagar?

The current guideline value of Bhrama sakthi Nagar is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then back to Rs 1,300 per sq.ft in 2023. This shows a fluctuation in value over the years.

What is the registration office for Bhrama sakthi Nagar?

The registration office for Bhrama sakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bhrama sakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000 at 7%.

Are there any other streets in Nalambakkam with guideline values?

Currently, there are no other streets in Nalambakkam listed with guideline values under the Gooduvancheri SRO.