Guideline Value

Corporate

Guideline Value for Bhuvaneshwari Nagar Extn

₹3850/sq.ft.

The guideline value for Bhuvaneshwari Nagar Extn 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 N/A
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 Bhuvaneshwari Nagar Extn

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Bhuvaneshwari Nagar Extn guideline value

The current guideline value for Bhuvaneshwari Nagar Extn is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village under the Velacheri SRO, classified as Residential Class II Type - III.

How the guideline value of Bhuvaneshwari Nagar Extn has changed

The guideline value for Bhuvaneshwari Nagar Extn has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 3,500 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value rose from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024. The previous revisions do not provide any figures for Bhuvaneshwari Nagar Extn, indicating that the value has been officially recorded only in the last two revisions.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO with guideline values for 2024 ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, placing Bhuvaneshwari Nagar Extn's 2024 figure below this median.

Stamp duty and registration fee for property in Bhuvaneshwari Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 Bhuvaneshwari Nagar Extn?

The Sub Registrar Office that covers Bhuvaneshwari Nagar Extn 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 component in the property registration process in Velachery. When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is conducted in compliance with local regulations and that the correct fees are paid based on the property's official valuation.

Frequently asked questions

What is the current guideline value of Bhuvaneshwari Nagar Extn?

The current guideline value of Bhuvaneshwari Nagar Extn is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024, representing a 10% increase.

What is the classification of land in Bhuvaneshwari Nagar Extn?

Bhuvaneshwari Nagar Extn is classified as Residential Class II Type - III, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Bhuvaneshwari Nagar Extn?

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

How is the stamp duty calculated for properties in Bhuvaneshwari Nagar Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.