Guideline Value

Corporate

Guideline Value for Bhuvaneshwari Nagar

₹1100/sq.ft.

The guideline value for Bhuvaneshwari Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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

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Bhuvaneshwari Nagar guideline value

The current guideline value of Bhuvaneshwari Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class II Type - I land classification.

How the guideline value of Bhuvaneshwari Nagar has changed

The guideline value for Bhuvaneshwari Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, this value dropped to Rs 536 per sq.ft in 2017. Following this, the value rose sharply to Rs 1,000 per sq.ft in 2023 and is currently set at Rs 1,100 per sq.ft from the 2024 revision.

Between the revisions, the changes have been notable. From 2007 to 2012, there was a substantial increase of 300%. However, the value decreased by 33% from 2012 to 2017. The most significant rise occurred from 2017 to 2023, with an increase of 87%. The latest revision from 2023 to 2024 reflects a 10% increase, bringing the overall change from 2007 to 2024 to a remarkable 450%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Bhuvaneshwari Nagar's 2024 figure slightly below that median.

Stamp duty and registration fee for property in Bhuvaneshwari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 information on fees.

Which Sub Registrar Office covers Bhuvaneshwari Nagar?

The Sub Registrar Office that covers Bhuvaneshwari Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Puzhal. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the actual sale price of the property.

When engaging in property transactions, it is essential to consider the guideline value as it reflects the official valuation set by the Registration Department. This value ensures compliance with legal requirements during property transfers.

Frequently asked questions

What is the current guideline value for Bhuvaneshwari Nagar?

The current guideline value for Bhuvaneshwari Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Bhuvaneshwari Nagar?

Bhuvaneshwari Nagar falls under the Residential Class II Type - I land classification.

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

Other streets in Puzhal with the same guideline value of Rs 1,100 per sq.ft include Bharathiyar Street, Bharathi Street, Bharathidasan Street, Chandaaprabhu Vegetarian Village Part - 1, and Chanthaa Prabhu Jain Vegetarian Village.

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

The Sub Registrar Office for Bhuvaneshwari Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.