Guideline Value for Amirtha Garden Ph.II-Blue Horizon

Amirtha Garden Ph.II-Blue Horizon guideline value

The current guideline value for Amirtha Garden Ph.II-Blue Horizon is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Vanchuvancheri village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Amirtha Garden Ph.II-Blue Horizon has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, the value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase to Rs 400 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, showing a 49% increase from 2017 to 2023.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the 2024 figure for Amirtha Garden Ph.II-Blue Horizon.

• Amirtha Garden: Rs 400 per sq.ft (2024)
• Amirtha Garden Ph.III: Rs 400 per sq.ft (2024)
• Annai Nagar: Rs 500 per sq.ft (2024)
• Bajanai koil street: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Cement Road (Panchayat Road): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtha Garden Ph.II-Blue Horizon

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amirtha Garden Ph.II-Blue Horizon?

The Sub Registrar Office that covers Amirtha Garden Ph.II-Blue Horizon is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO using this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vanchuvancheri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that all property transactions are conducted transparently and fairly, adhering to the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Amirtha Garden Ph.II-Blue Horizon?

The current guideline value for Amirtha Garden Ph.II-Blue Horizon is Rs 400 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 increased to Rs 400 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Amirtha Garden Ph.II-Blue Horizon?

Amirtha Garden Ph.II-Blue Horizon is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Amirtha Garden Ph.II-Blue Horizon is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.