Guideline Value for B M GARDEN

B M Garden guideline value

The current guideline value of B M Garden in Melakottyur village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - I.

How the guideline value of B M Garden has changed

The guideline value of B M Garden has remained stable over the years. In the 2017 revision, the guideline value was Rs 1,500 per sq.ft, and it has not changed in the 2023 revision, which also lists the value at Rs 1,500 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

This consistency indicates that the guideline value has not experienced any increase or decrease between the 2017 and 2023 revisions, reflecting a stable valuation during this period.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other streets in Melakottyur under the Gooduvancheri SRO. B M Garden is the only street mentioned in the available data.

Stamp duty and registration fee for property in B M Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers B M Garden?

The Sub Registrar Office that covers B M Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Melakottyur. It is used to calculate the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the duty is charged based on the higher of the two. This ensures that the government receives the appropriate fees based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of B M Garden?

The current guideline value of B M Garden is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value of B M Garden has remained unchanged at Rs 1,500 per sq.ft from the 2017 revision to the 2023 revision. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for B M Garden?

The land classification for B M Garden is Commercial Class I Type - I, which indicates the type of usage permitted for the land.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in B M Garden?

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 current guideline value, the total stamp duty would be Rs 1,05,000, along with a registration fee of Rs 30,000, totaling Rs 1,35,000.