Guideline Value for Bhuvaneswari Nagar

Bhuvaneswari Nagar guideline value

The current guideline value of Bhuvaneswari Nagar, located in Vellerithangal village under the Gooduvancheri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Bhuvaneswari Nagar has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Bhuvaneswari Nagar. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 400 per sq.ft.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft. The median for these streets is Rs 400 per sq.ft, which is the same as the guideline value for Bhuvaneswari Nagar.

• DA Colony: Rs 400 per sq.ft (2024)
• D.A Colony Extn: Rs 400 per sq.ft (2024)
• Devan Garden: Rs 400 per sq.ft (2024)
• Jayaram Nagar: Rs 300 per sq.ft (2024)
• Krishnamohana Nagar: Rs 400 per sq.ft (2024)
• Mahasakthi Raja Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Bhuvaneswari Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. 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 information.

Which Sub Registrar Office covers Bhuvaneswari Nagar?

The Bhuvaneswari Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Vellerithangal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It serves as a reference point for setting prices and calculating the necessary fees associated with the sale.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar?

The current guideline value of Bhuvaneswari Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012, showing fluctuations in the years prior.

What are the guideline values of other streets in Vellerithangal?

Other streets in Vellerithangal have guideline values ranging from Rs 250 to Rs 1,400 per sq.ft, with Bhuvaneswari Nagar's value aligning with the median of Rs 400 per sq.ft.

What is the stamp duty rate in Bhuvaneswari Nagar?

The stamp duty rate in Bhuvaneswari Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.