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Guideline Value

Corporate

Guideline Value for Bhuvaneswari Nagar 10th Street

₹2750/sq.ft.

The guideline value for Bhuvaneswari Nagar 10th Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Bhuvaneswari Nagar 10th Street

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Bhuvaneswari Nagar 10th Street guideline value

The current guideline value of Bhuvaneswari Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Bhuvaneswari Nagar 10th Street has changed

The guideline value for Bhuvaneswari Nagar 10th Street has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. In the latest revision of 2024, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% increase from the previous figure.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street in the register. The only revisions that have a figure are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means that Bhuvaneswari Nagar 10th Street's 2024 figure is above the median.

Stamp duty and registration fee for property in Bhuvaneswari Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bhuvaneswari Nagar 10th Street?

The Sub Registrar Office that covers Bhuvaneswari Nagar 10th Street is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

Understanding the guideline value is essential for both buyers and sellers as it affects the overall cost of the transaction. It ensures that the property is registered at a value that reflects its worth in the market according to the government’s assessment.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar 10th Street?

The current guideline value of Bhuvaneswari Nagar 10th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Bhuvaneswari Nagar 10th Street?

The land classification for Bhuvaneswari Nagar 10th Street is Commercial Class I Type - I. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Bhuvaneswari Nagar 10th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Madambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be calculated on the guideline value of Rs 27,50,000.