Guideline Value for Bilal Nagar

Bilal Nagar guideline value

The current guideline value of Bilal Nagar, located in Manimangalam A village under the Padappai SRO, is Rs 770 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bilal Nagar has changed

The guideline value for Bilal Nagar has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value rose by 49%, and the overall increase from 2017 to 2024 amounts to 64%. This indicates a significant change in the guideline value over the years.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft, with a median value of Rs 880 per sq.ft. Bilal Nagar's current guideline value is below this median.

• Blossom's GREEN AGATE: Rs 960 per sq.ft (2024)
• Bound Street: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 880 per sq.ft (2024)
• Bharath Avenue Phase I: Rs 880 per sq.ft (2024)
• Bharath Avenue: Rs 880 per sq.ft (2024)
• Chokkalingam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Bilal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bilal Nagar?

The Sub Registrar Office covering Bilal 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 Manimangalam A

The guideline value is a crucial factor when registering property transactions in Manimangalam A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Bilal Nagar?

The current guideline value of Bilal Nagar is Rs 770 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bilal Nagar has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. The overall increase from 2017 to 2024 is 64%.

What are the guideline values of other streets in Manimangalam A?

Other streets in Manimangalam A have varying guideline values, with rates ranging from Rs 550 to Rs 2,500 per sq.ft. For instance, Blossom's GREEN AGATE is Rs 960 per sq.ft, while Bound Street, Bharathi Nagar, and others are Rs 880 per sq.ft.

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

The stamp duty for a property valued at Rs 7,70,000 in Bilal Nagar is Rs 53,900, and the registration fee is Rs 15,400, making the total fees Rs 69,300. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Bilal Nagar?

The Padappai Sub Registrar Office covers Bilal Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles all registration processes for properties in the area.