Guideline Value for B & B GARDEN

B & B Garden guideline value

The current guideline value of B & B Garden, located in Varadarajapuram village under the Padappai SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - IV.

How the guideline value of B & B Garden has changed

In the 2023 revision, the guideline value for B & B Garden was Rs 2,300 per sq.ft. The increase from 2023 to 2024 is 10%, resulting in the current guideline value of Rs 2,530 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, the most recent revisions show a clear upward trend in the guideline value. The 2024 figure reflects an increase from the previous year, indicating a notable change in the valuation of this property.

Guideline values in Varadarajapuram

Varadarajapuram has a total of 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, positioning B & B Garden's 2024 value above this median.

• B & B Garden Phase - II: Rs 2,530 per sq.ft (2024)
• Bhaggyam Gopalakrishnan Nagar: Rs 2,960 per sq.ft (2024)
• Balaji Nagar Phase I and II: Rs 1,650 per sq.ft (2024)
• Bharath Nagar: Rs 990 per sq.ft (2024)
• Bharathvaj Nagar: Rs 1,320 per sq.ft (2024)
• Bhavani Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in B & B Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, resulting in a total of Rs 2,27,700. 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 B & B Garden?

The B & B Garden area falls under 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 Varadarajapuram

The guideline value is a crucial factor during property registration in Varadarajapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for legal documentation and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of B & B Garden?

The current guideline value of B & B Garden is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 2,300 per sq.ft to Rs 2,530 per sq.ft, reflecting a 10% increase.

What is the land classification for B & B Garden?

The land classification for B & B Garden is Residential Class II Type - IV.

What are the stamp duty and registration fees for a property in B & B Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,77,100 and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles registrations for B & B Garden?

The Padappai Sub Registrar Office handles registrations for B & B Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.