Guideline Value for BLISS

Bliss guideline value

The current guideline value of Bliss, located in Thodukadu village under the Sriperumpudur SRO, is Rs 1,250 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Bliss has changed

The guideline value for Bliss has undergone several revisions over the years. In 2012, the value was set at Rs 1,250 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 837 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,250 per sq.ft. The 2023 revision maintained this figure into 2024, resulting in no change of 0% between these two years.

It is important to note that the guideline value register has no figures for Bliss for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0%.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that Bliss's 2024 figure is above this median.

• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Asis Nagar: Rs 300 per sq.ft (2024)
• KKE Nagar: Rs 300 per sq.ft (2024)
• KKR City: Rs 500 per sq.ft (2024)
• KKR city Annex: Rs 500 per sq.ft (2024)
• Kkr Eldorado: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Bliss

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total cost together to Rs 1,12,500. It is important to note that the 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 Bliss?

The Sub Registrar Office that covers Bliss is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thodukadu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When you buy or sell property in Thodukadu, the guideline value is assessed to ensure that the transaction reflects the current market conditions. This helps maintain transparency and fairness in property dealings, as the guideline value is periodically updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value for Bliss?

The current guideline value for Bliss in Thodukadu village is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Bliss was Rs 1,250 per sq.ft in 2012, decreased to Rs 837 per sq.ft in 2017, and then returned to Rs 1,250 per sq.ft in 2023, remaining the same into 2024. Overall, there has been no change from 2012 to 2024.

What are the other streets in Thodukadu and their guideline values?

Other streets in Thodukadu include Bajanai Koil Street, Asis Nagar, KKE Nagar, KKR City, KKR city Annex, and Kkr Eldorado, with guideline values ranging from Rs 300 to Rs 750 per sq.ft in 2024.

How is stamp duty calculated for property in Bliss?

Stamp duty for property in Bliss is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,250 per sq.ft, the total stamp duty would be Rs 87,500.

Where can I find the Sub Registrar Office for Bliss?

The Sub Registrar Office covering Bliss is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.