Guideline Value for Bhuvanesh Ward Homes

Bhuvanesh Ward Homes guideline value

The current guideline value for Bhuvanesh Ward Homes in Adhanoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Bhuvanesh Ward Homes has changed

The guideline value for Bhuvanesh Ward Homes has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The same value of Rs 1,000 per sq.ft has been maintained in the 2024 revision, resulting in no change from the previous year.

Notably, the revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median value across these streets is Rs 1,000 per sq.ft, which aligns with the current guideline value for Bhuvanesh Ward Homes.

• Bharathi Nagar Part -I: Rs 1,000 per sq.ft (2024)
• B.V.R. Nagar (I,II): Rs 1,000 per sq.ft (2024)
• Bhagavath Ramanujar Town: Rs 1,000 per sq.ft (2024)
• Bargavi Avenue: Rs 1,000 per sq.ft (2024)
• Barathi Nagar: Rs 1,000 per sq.ft (2024)
• Balaramapuram: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvanesh Ward Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. 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 Bhuvanesh Ward Homes?

The Bhuvanesh Ward Homes fall under the jurisdiction of 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 Adhanoor

The guideline value is a crucial factor during the registration of property transactions in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded at a standardized value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Bhuvanesh Ward Homes?

The current guideline value for Bhuvanesh Ward Homes is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Adhanoor with the same guideline value?

Other streets in Adhanoor with the same guideline value of Rs 1,000 per sq.ft include Bharathi Nagar Part -I, B.V.R. Nagar (I,II), Bhagavath Ramanujar Town, Bargavi Avenue, Barathi Nagar, and Balaramapuram.

What is the stamp duty rate for properties in Bhuvanesh Ward Homes?

The stamp duty rate for properties in Bhuvanesh Ward Homes is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Bhuvanesh Ward Homes?

The Gooduvancheri Sub Registrar Office covers Bhuvanesh Ward Homes, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.