Guideline Value for Bhuvaneswari Street

Bhuvaneswari Street guideline value

The current guideline value of Bhuvaneswari Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Bhuvaneswari Street has changed

The guideline value for Bhuvaneswari Street has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and the most recent revision in 2024 has raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Kovilpathagai

Kovilpathagai village has 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Bhuvaneswari Street's 2024 figure above this median.

• Bible Street: Rs 880 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 807 per sq.ft (2024)
• Bhavanar Street: Rs 880 per sq.ft (2024)
• Bound Street: Rs 880 per sq.ft (2024)
• Bharath Nagar: Rs 1,100 per sq.ft (2024)
• Brindhavan Nagar: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. 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 Bhuvaneswari Street?

Bhuvaneswari Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the authorities during the transaction.

Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is compliant with the regulations set forth by the Registration Department. Accurate knowledge of the guideline value helps in understanding the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Street?

The current guideline value of Bhuvaneswari Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value for the 278 streets in Kovilpathagai is Rs 870 per sq.ft, with Bhuvaneswari Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Bhuvaneswari Street?

For a 1,000 sq.ft plot at the guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Kovilpathagai?

The Ambattur Sub Registrar Office covers Kovilpathagai, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.