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Guideline Value

Corporate

Guideline Value for Bhuvaneswari Nagar 5th Main Road

₹2750/sq.ft.

The guideline value for Bhuvaneswari Nagar 5th Main Road in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. 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 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
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 5th Main Road

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Bhuvaneswari Nagar 5th Main Road guideline value

The current guideline value of Bhuvaneswari Nagar 5th Main Road 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 5th Main Road has changed

The guideline value for Bhuvaneswari Nagar 5th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft, marking a drop of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value saw a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

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, with the median being Rs 2,400 per sq.ft. Bhuvaneswari Nagar 5th Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Bhuvaneswari Nagar 5th Main Road

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bhuvaneswari Nagar 5th Main Road?

The Sub Registrar Office that covers Bhuvaneswari Nagar 5th Main Road 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 crucial factor in the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of purchasing property in the area.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar 5th Main Road?

The current guideline value of Bhuvaneswari Nagar 5th Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification of Bhuvaneswari Nagar 5th Main Road?

Bhuvaneswari Nagar 5th Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property here?

For a 1,000 sq.ft plot, the guideline value is Rs 27,50,000, with a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations in this area?

The Selaiyur Sub Registrar Office handles property registrations for Bhuvaneswari Nagar 5th Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.