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Guideline Value

Corporate

Guideline Value for Bhuvaneswari Nagar 1st Street

₹2750/sq.ft.

The guideline value for Bhuvaneswari Nagar 1st 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 1st Street

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Bhuvaneswari Nagar 1st Street guideline value

The current guideline value of Bhuvaneswari Nagar 1st Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Bhuvaneswari Nagar 1st Street has changed

The guideline value for Bhuvaneswari Nagar 1st Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. The most recent revision in 2024 increased this figure by 10%, bringing it to Rs 2,750 per sq.ft.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 in the register for this street. The only revisions with recorded values are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Bhuvaneswari Nagar 1st Street's 2024 guideline value above that median.

Stamp duty and registration fee for property in Bhuvaneswari Nagar 1st 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 be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Bhuvaneswari Nagar 1st Street?

The Sub Registrar Office that covers Bhuvaneswari Nagar 1st 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, 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 is a critical factor during the registration of property transactions in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is important for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar 1st Street?

The current guideline value of Bhuvaneswari Nagar 1st 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, marking a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the registration fees for property in Bhuvaneswari Nagar 1st Street?

The registration fees for property transactions are based on the guideline value. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000.

Which office handles property registrations for Bhuvaneswari Nagar 1st Street?

The Selaiyur Sub Registrar Office manages property registrations for Bhuvaneswari Nagar 1st Street. The office is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

Where can I find more information about guideline values?

More information about guideline values can be accessed through the Registration Department's guideline value register (TNReginet) or by visiting the respective Sub Registrar Office.