Guideline Value for BISMILLAH GOLDEN CITY

Bismillah Golden City guideline value

The current guideline value of Bismillah Golden City is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Pammathukulam village, under the Redhills SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Bismillah Golden City has changed

The guideline value for Bismillah Golden City has seen several revisions over the years. The earliest recorded figure is from 2012, set at Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. In 2023, the value increased to Rs 600 per sq.ft again, and the most recent revision in 2024 raised it to Rs 660 per sq.ft.

Between these revisions, the changes were significant. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a rise of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pammathukulam

Pammathukulam village has a range of guideline values, with 101 streets under the Redhills SRO carrying a 2024 figure from Rs 330 to Rs 825 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Bismillah Golden City's 2024 figure above this median.

• Brindhavan Garden: Rs 510 per sq.ft (2024)
• Classic Avenue: Rs 440 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Bala Ganesa Nagar: Rs 820 per sq.ft (2024)
• Athithya Nagar: Rs 660 per sq.ft (2024)
• Eswaran Nagar: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Bismillah Golden City

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Bismillah Golden City?

The Sub Registrar Office that covers Bismillah Golden City is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammathukulam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to assess the financial obligations of both the buyer and seller. This ensures that the registration fees and stamp duties reflect the current market conditions as established by the guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bismillah Golden City?

The current guideline value of Bismillah Golden City is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 in 2012 to Rs 402 in 2017, then back to Rs 600 in 2023, and finally to Rs 660 in 2024. This reflects various increases and decreases over the years.

What is the land classification of Bismillah Golden City?

Bismillah Golden City falls under the Residential Class I Type - I land classification, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for a property in Bismillah Golden City?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value.

Where is the Sub Registrar Office for Bismillah Golden City located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.