Guideline Value for BLOOMING GARDEN

Blooming Garden guideline value

The current guideline value of Blooming Garden, located in Ottiyampakkam village, is Rs 2,700 per sq.ft. This value is set by the Selaiyur SRO and falls under the land classification of Residential Special Type - II.

How the guideline value of Blooming Garden has changed

Over the years, the guideline value for Blooming Garden has seen several revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 2,500 per sq.ft, which increased to Rs 2,700 per sq.ft in the 2024 revision, marking an increase of 8%.

The 2024 revision is the most recent and reflects a significant change from the previous year. The current guideline value is notably higher than the figures from the past revisions, indicating a shift in the valuation for this area.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,950 per sq.ft, placing Blooming Garden's 2024 figure above this median.

• Casa Grand Sereno: Rs 3,200 per sq.ft (2024)
• Bharathi Street: Rs 1,950 per sq.ft (2024)
• Bagiyam Avenue: Rs 2,900 per sq.ft (2024)
• Avudaiyar Thrid Cross Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Koil Third Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Blooming Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blooming Garden?

The Blooming Garden area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Ottiyampakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Blooming Garden?

The current guideline value of Blooming Garden is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an increase of 8%. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Blooming Garden?

Blooming Garden falls under the land classification of Residential Special Type - II as per the Selaiyur SRO guidelines.

What are the stamp duty and registration fees for property in Blooming Garden?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Blooming Garden?

The Selaiyur Sub Registrar Office covers Blooming Garden, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.