Guideline Value for Bhuvaneswari Nagar

Bhuvaneswari Nagar guideline value

The current guideline value of Bhuvaneswari Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Pazhanthandalam village under the Padappai SRO, classified as Residential Special Type - II.

How the guideline value of Bhuvaneswari Nagar has changed

Over the years, the guideline value of Bhuvaneswari Nagar has seen several revisions. The 2012 revision recorded a value of Rs 700 per sq.ft, which then dropped to Rs 469 per sq.ft in the 2017 revision. However, the subsequent 2023 revision increased the value to Rs 700 per sq.ft, and the latest 2024 revision raised it to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. Notably, the register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pazhanthandalam

Pazhanthandalam village has 57 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Bhuvaneswari Nagar's 2024 figure below that median.

• Doss Avenue: Rs 1,100 per sq.ft (2024)
• Arul Murugan Nagar: Rs 770 per sq.ft (2024)
• Ambal Nagar: Rs 1,100 per sq.ft (2024)
• Green Bay Layout: Rs 770 per sq.ft (2024)
• G.T.Enclave: Rs 1,100 per sq.ft (2024)
• Guru Nagar: Rs 1,100 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 of Rs 770 per sq.ft, the guideline value would amount to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bhuvaneswari Nagar?

The Sub Registrar Office covering Bhuvaneswari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Pazhanthandalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar?

The current guideline value of Bhuvaneswari Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the median guideline value in Pazhanthandalam?

The median guideline value for the 57 streets in Pazhanthandalam is Rs 1,100 per sq.ft for the year 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 69,300, based on the guideline value of Rs 7,70,000.

Which office handles property registrations for Bhuvaneswari Nagar?

The Padappai Sub Registrar Office handles property registrations for Bhuvaneswari Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.