Guideline Value for Bhuvanalakshmi Nagar Extn

Bhuvanalakshmi Nagar Extn guideline value

The current guideline value of Bhuvanalakshmi Nagar Extn is Rs 500 per sq.ft, as per the 2023 revision. This area falls under Arungal village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Bhuvanalakshmi Nagar Extn has changed

Looking at the revisions, the guideline value for Bhuvanalakshmi Nagar Extn was Rs 500 per sq.ft in 2012. This figure remained the same in the 2023 revision. However, in the 2017 revision, the value dropped to Rs 335 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase of 49% from the 2017 figure, bringing it back to Rs 500 per sq.ft.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 500 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Bhuvanalakshmi Nagar Extn is the only street mentioned under the Gooduvancheri SRO. Thus, there are no other streets in Arungal to list at this time.

Stamp duty and registration fee for property in Bhuvanalakshmi Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuvanalakshmi Nagar Extn?

The Bhuvanalakshmi Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Arungal, the guideline value plays a crucial role during the registration process. The guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. The registration office will refer to the guideline value to ensure compliance with legal requirements during the property transfer.

Frequently asked questions

What is the current guideline value of Bhuvanalakshmi Nagar Extn?

The current guideline value of Bhuvanalakshmi Nagar Extn is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a change from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, followed by an increase back to Rs 500 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total stamp duty and registration fees would amount to Rs 45,000, which includes Rs 35,000 for stamp duty and Rs 10,000 for the registration fee.

Which office handles registrations for Bhuvanalakshmi Nagar Extn?

The Gooduvancheri Sub Registrar Office handles registrations for Bhuvanalakshmi Nagar Extn. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Arungal with guideline values?

Currently, there are no other streets in Arungal listed under the Gooduvancheri SRO, and no specific village figures are available for this area.