Guideline Value

Corporate

Guideline Value for Bhuvaneshawari Nagar 2nd Main Road

₹3850/sq.ft.

The guideline value for Bhuvaneshawari Nagar 2nd Main Road in Velachery village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bhuvaneshawari Nagar 2nd Main Road

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Bhuvaneshawari Nagar 2nd Main Road guideline value

The current guideline value of Bhuvaneshawari Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Bhuvaneshawari Nagar 2nd Main Road has changed

The guideline value for Bhuvaneshawari Nagar 2nd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 3,850 per sq.ft, marking a 10% rise from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Bhuvaneshawari Nagar 2nd Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Bhuvaneshawari Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuvaneshawari Nagar 2nd Main Road?

The Sub Registrar Office that covers Bhuvaneshawari Nagar 2nd Main Road is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Velachery. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When you register a property, the guideline value is used to calculate the applicable fees, which can significantly affect the overall cost of the transaction. Therefore, understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Bhuvaneshawari Nagar 2nd Main Road?

The current guideline value of Bhuvaneshawari Nagar 2nd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. There has been no change from the 2012 revision to the 2023 revision.

What is the land classification for Bhuvaneshawari Nagar 2nd Main Road?

Bhuvaneshawari Nagar 2nd Main Road is classified as Residential Class II Type - III.

What are the guideline values of other streets in Velachery?

Other streets in Velachery have a guideline value of Rs 3,850 per sq.ft for the 2024 revision, which includes Bhuvaneshawari Nagar 1st Main Road, Bhuvaneshwari Nagar 1st Street, and others.

Where is the Sub Registrar Office located for Bhuvaneshawari Nagar 2nd Main Road?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.