Guideline Value for BLOSSOM RICH

Blossom Rich guideline value

The current guideline value of Blossom Rich is Rs 1,376 per sq.ft, effective from 1 July 2024. This property is located in Kannampalayam village under the Kunrathur SRO, classified as Mixed Type - I.

How the guideline value of Blossom Rich has changed

The guideline value for Blossom Rich has seen various revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 1,250 per sq.ft. This was followed by a decrease to Rs 838 per sq.ft in the 2017 revision, which was a drop of 33%. However, the value increased significantly to Rs 1,251 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,376 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,375 per sq.ft, placing Blossom Rich's 2024 value slightly above this median.

• Bharathi Nagar Extention: Rs 880 per sq.ft (2024)
• Bharathi Gardan: Rs 880 per sq.ft (2024)
• Chendur Garden: Rs 1,650 per sq.ft (2024)
• Athiya Villa "sri Ambal Garden": Rs 2,955 per sq.ft (2024)
• Ashok Nandhavanam Phase III: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam Phase II: Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Blossom Rich

For a 1,000 sq.ft plot at the current guideline value of Rs 1,376 per sq.ft, the total guideline value would be Rs 13,76,000. The stamp duty at 7% would amount to Rs 96,320, and the registration fee at 2% would be Rs 27,520, bringing the total charges to Rs 1,23,840. 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 details.

Which Sub Registrar Office covers Blossom Rich?

The Sub Registrar Office that covers Blossom Rich is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Blossom Rich?

The current guideline value of Blossom Rich is Rs 1,376 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 1,376 per sq.ft in 2024, with notable increases and decreases in between.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam for 2024 is Rs 1,375 per sq.ft.

What are the stamp duty and registration fees for Blossom Rich?

The stamp duty is 7% and the registration fee is 2% of the guideline value, which together amount to Rs 1,23,840 for a 1,000 sq.ft plot at the current rate.

Where is the Sub Registrar Office for Blossom Rich located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.