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Guideline Value

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Guideline Value for SRI BHUVANESHWARI AMMAN NAGAR

₹103/sq.ft.

The guideline value for Sri Bhuvaneshwari Amman Nagar in Nelli village (Salavakkam SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nelli

Village

Salavakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹103 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

2/1a, Thottakkara Street, Salavakkam, 603 107
044-27275222
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Bhuvaneshwari Amman Nagar

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Sri Bhuvaneshwari Amman Nagar guideline value

The current guideline value of Sri Bhuvaneshwari Amman Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Nelli village and falls under the Salavakkam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Bhuvaneshwari Amman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 100 per sq.ft in 2023, and then further rose to Rs 103 per sq.ft in the 2024 revision, reflecting a 3% increase.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 3%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nelli

In Nelli village, there are 25 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 103 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, which is equal to the current value of Sri Bhuvaneshwari Amman Nagar.

Stamp duty and registration fee for property in Sri Bhuvaneshwari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060, leading to a total of Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Bhuvaneshwari Amman Nagar?

The Sub Registrar Office covering Sri Bhuvaneshwari Amman Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nelli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction complies with the legal requirements set by the state.

When a property is sold, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, which are mandatory for completing the property transaction.

Frequently asked questions

What is the current guideline value of Sri Bhuvaneshwari Amman Nagar?

The current guideline value of Sri Bhuvaneshwari Amman Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then rising to Rs 100 per sq.ft in 2023, and finally reaching Rs 103 per sq.ft in 2024.

What is the land classification for Sri Bhuvaneshwari Amman Nagar?

The land classification for Sri Bhuvaneshwari Amman Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Bhuvaneshwari Amman Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,03,000, the stamp duty would be Rs 7,210 at 7%.