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Guideline Value

Corporate

Guideline Value for Sri Bhuvaneswari Nagar

₹440/sq.ft.

The guideline value for Sri Bhuvaneswari Nagar in Pazhanthandalam village (Padappai SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pazhanthandalam

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Sri Bhuvaneswari Nagar

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Sri Bhuvaneswari Nagar guideline value

The current guideline value of Sri Bhuvaneswari Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pazhanthandalam village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Bhuvaneswari Nagar has changed

Over the years, the guideline value of Sri Bhuvaneswari Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in 2017, reflecting a decrease of 33%. In 2023, the value increased to Rs 400 per sq.ft, and the most recent revision in 2024 raised it to Rs 440 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no 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, indicating that the guideline value of Sri Bhuvaneswari Nagar is below this median.

Stamp duty and registration fee for property in Sri Bhuvaneswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. 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 Sri Bhuvaneswari Nagar?

The Sub Registrar Office covering Sri 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 is a crucial factor when registering property in Pazhanthandalam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When you buy or sell property in this area, it is essential to be aware of the current guideline value to ensure compliance with local regulations. Understanding these values can help facilitate a smoother transaction process during the registration of property.

Frequently asked questions

What is the current guideline value of Sri Bhuvaneswari Nagar?

The current guideline value of Sri Bhuvaneswari Nagar is Rs 440 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 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Sri Bhuvaneswari Nagar?

Sri Bhuvaneswari Nagar is classified as Residential Class III Type - I.

Where can I find the registration office for Sri Bhuvaneswari Nagar?

The registration office for Sri Bhuvaneswari Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Bhuvaneswari Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.