Guideline Value for BENNETGOAL MEN-CO

Bennetgoal Men-Co guideline value

The current guideline value of Bennetgoal Men-Co is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Bennetgoal Men-Co has changed

The guideline value for Bennetgoal Men-Co has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, representing an 11% rise. Prior to that, the 2017 revision recorded a value of Rs 2,345 per sq.ft, which was a significant increase of 49% from the 2012 figure of Rs 3,500 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, when looking at the overall change from 2012 to 2024, there has been an increase of 11% in the guideline value for Bennetgoal Men-Co.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Bennetgoal Men-Co is above this median.

• Bharathi Nagar: Rs 3,900 per sq.ft (2024)
• Bhavan Dass Garden: Rs 1,700 per sq.ft (2024)
• Bound Street: Rs 1,700 per sq.ft (2024)
• Bakundeen Group Garden: Rs 1,000 per sq.ft (2024)
• Chandra / Jothilakshmi Garden: Rs 1,700 per sq.ft (2024)
• Babu Manoharan Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Bennetgoal Men-Co

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bennetgoal Men-Co?

The Sub Registrar Office that covers Bennetgoal Men-Co is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Chemmancheri. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps both buyers and sellers to navigate the registration process effectively. It is essential to refer to the latest figures to ensure compliance with local regulations and to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Bennetgoal Men-Co?

The current guideline value of Bennetgoal Men-Co is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, an increase of 11%. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Bennetgoal Men-Co?

Bennetgoal Men-Co is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Bennetgoal Men-Co?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 3,51,000.

Which office handles property registrations in Chemmancheri?

The Neelankarai Sub Registrar Office handles property registrations in Chemmancheri. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.