Guideline Value

Corporate

Guideline Value for Bhuvaneswari Nagar

₹1000/sq.ft.

The guideline value for Bhuvaneswari Nagar in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 100% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1000 /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 ₹400 /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 1,000 per sq.ft, effective from 1 July 2024. This area is located in Chettimedu village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Bhuvaneswari Nagar has changed

Over the years, the guideline value of Bhuvaneswari Nagar has undergone several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, the value decreased to Rs 335 per sq.ft in 2017. Following this, the 2023 revision saw a significant increase to Rs 500 per sq.ft, and the latest revision in 2024 has doubled the value to Rs 1,000 per sq.ft. It is important to note that the register has no figure for this street for the years 2002 and 2003.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. The jump from 2023 to 2024 represents a 100% increase. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 150%.

Guideline values in Chettimedu

In Chettimedu village, there are 26 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,008 per sq.ft, with a median value of Rs 1,002 per sq.ft. The guideline value for Bhuvaneswari Nagar is below this median.

Stamp duty and registration fee for property in Bhuvaneswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these fees Rs 90,000. It is important to note that the 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?

Bhuvaneswari Nagar falls under 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 Chettimedu

The guideline value plays a crucial role in property transactions in Chettimedu. It is used to determine the stamp duty and registration fees during the buying and selling process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered the minimum value for calculating the associated fees. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Bhuvaneswari Nagar?

The current guideline value of Bhuvaneswari Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, with various revisions in between. Notably, the value increased by 100% from 2023 to 2024.

What is the land classification for Bhuvaneswari Nagar?

Bhuvaneswari Nagar is classified as Residential Special Type - I. This classification affects the guideline value and the types of properties that can be developed in the area.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which office handles property registrations in Bhuvaneswari Nagar?

The Redhills Sub Registrar Office handles property registrations for Bhuvaneswari Nagar. It is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.