Guideline Value for BLOSSOM

Blossom guideline value

The current guideline value of Blossom, located in Chitthalapakkam village under the Selaiyur SRO, is Rs 2,900 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Type - I.

How the guideline value of Blossom has changed

The guideline value for Blossom has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,700 per sq.ft, and the most recent 2024 revision raised it to Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The changes between the revisions include a significant 49% increase from 2017 to 2023, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, which is equal to the current guideline value of Blossom.

• Buvaneswari Nagar: Rs 3,300 per sq.ft (2024)
• C.B.O.A Colony: Rs 3,300 per sq.ft (2024)
• Basil Avenue Extension: Rs 3,300 per sq.ft (2024)
• Basil Avenue: Rs 3,300 per sq.ft (2024)
• Balm Avenue: Rs 3,300 per sq.ft (2024)
• Deivalakshmi Nagar: Rs 2,950 per sq.ft (2024)

Stamp duty and registration fee for property in Blossom

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty, charged at 7%, would be Rs 2,03,000, while the registration fee at 2% would amount to Rs 58,000. Together, the total cost for these fees would be Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blossom?

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

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

The guideline value plays a crucial role in the registration process when purchasing or selling property in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the higher value between the guideline value and the actual sale price, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Blossom?

The current guideline value of Blossom is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What is the stamp duty rate for properties in Blossom?

The stamp duty rate for properties in Blossom is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Blossom located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What land classification does Blossom fall under?

Blossom is classified as Industries Type - I, indicating its suitability for industrial purposes.