Guideline Value for BLOSSOM'S GRAND SAPPHIRE

Blossom's Grand Sapphire guideline value

The current guideline value of Blossom's Grand Sapphire is Rs 1,500 per sq.ft. This property is located in Kolapakkam village, under the Gooduvancheri SRO, and falls under the Residential Special Type - II land classification.

How the guideline value of Blossom's Grand Sapphire has changed

In the 2017 revision, the guideline value was set at Rs 1,005 per sq.ft. This marked a significant increase to Rs 1,500 per sq.ft in the 2023 revision, reflecting a change of +49% over the six-year period. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The increase from the 2017 to the 2023 revision indicates a notable adjustment in the guideline value. This change is important for buyers and sellers to consider when engaging in property transactions in this area.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Blossom's Grand Sapphire is the only property mentioned under the Gooduvancheri SRO in this context.

Stamp duty and registration fee for property in Blossom's Grand Sapphire

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty is calculated at 7%, resulting in Rs 1,05,000, while the registration fee at 2% totals Rs 30,000. Together, the total cost for stamp duty and registration fee is Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Blossom's Grand Sapphire?

The Gooduvancheri Sub Registrar Office covers Blossom's Grand Sapphire. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in determining the applicable stamp duty and registration fees during property transactions. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling a property in Kolapakkam, it is essential to be aware of the current guideline value, as it directly influences the costs associated with registration. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Blossom's Grand Sapphire?

The current guideline value of Blossom's Grand Sapphire is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision of Rs 1,005 per sq.ft to the 2023 revision of Rs 1,500 per sq.ft, there has been an increase of +49% over six years.

Are there any guideline value figures for other years?

For the years 2002, 2003, 2007, 2012, and 2024, the register has no figures available for Blossom's Grand Sapphire.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 1,05,000 and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.