Guideline Value

Corporate

Guideline Value for Bhuvaneswari Nagar

₹550/sq.ft.

The guideline value for Bhuvaneswari Nagar in Alamathi village (Redhills SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alamathi

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bhuvaneswari Nagar

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Bhuvaneswari Nagar guideline value

The current guideline value of Bhuvaneswari Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Alamathi village and falls under the Redhills SRO. The land classification is Residential Class II Type - I.

How the guideline value of Bhuvaneswari Nagar has changed

The guideline value for Bhuvaneswari Nagar has seen several revisions over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, in the 2017 revision, it decreased to Rs 335 per sq.ft. The value then rose to Rs 500 per sq.ft in 2023, and the latest revision in 2024 sets it at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the guideline value increased by 49% from 2017 to 2023, and overall, there has been a 175% increase from the 2007 revision to the current 2024 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Alamathi

In Alamathi, there are 54 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,100 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the guideline value of Bhuvaneswari Nagar.

Stamp duty and registration fee for property in Bhuvaneswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is calculated at 7%, which totals Rs 38,500, and the registration fee is 2%, amounting to Rs 11,000. Therefore, the total cost for stamp duty and registration fee together is Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bhuvaneswari Nagar?

The Sub Registrar Office covering Bhuvaneswari Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Alamathi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps establish a fair price for the property, which is essential for both the buyer and seller. It is important to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar?

The current guideline value of Bhuvaneswari Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with various increases and one decrease in between.

What is the registration office for Bhuvaneswari Nagar?

The registration office for Bhuvaneswari Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated in Bhuvaneswari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500.

What are the other streets in Alamathi with their guideline values?

Other streets in Alamathi include B.K. Garden at Rs 550 per sq.ft, Bharathiar Street at Rs 990 per sq.ft, Bhajanai Koil Street at Rs 990 per sq.ft, Balasubramanian Nagar at Rs 770 per sq.ft, and Bakiyalakshmi Nagar at Rs 660 per sq.ft.