Guideline Value for BLUE BELL AVENUE

Blue Bell Avenue guideline value

The current guideline value of Blue Bell Avenue in Kayirambedu village is Rs 1,500 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Blue Bell Avenue has changed

The guideline value for Blue Bell Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged in the 2023 revision, keeping it at Rs 1,500 per sq.ft. The current 2024 revision also maintains the value at Rs 1,500 per sq.ft, indicating no change from the previous year. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value. The change from 2023 to 2024 shows a 0% increase, while the increase from 2017 to 2023 was 49%.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value in the village is Rs 700 per sq.ft, placing Blue Bell Avenue's 2024 figure above this median.

• Bridhavan Avenue: Rs 700 per sq.ft (2024)
• Bhavanipuram: Rs 700 per sq.ft (2024)
• Chozha Nagar: Rs 700 per sq.ft (2024)
• Crystal Paradise Phase - II: Rs 2,389 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)
• Avvai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Bell Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blue Bell Avenue?

The Sub Registrar Office that covers Blue Bell Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kayirambedu

The guideline value is crucial when buying or selling property in Kayirambedu, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a value that reflects the prevailing market conditions. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Blue Bell Avenue?

The current guideline value of Blue Bell Avenue is Rs 1,500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft since the 2023 revision, which also had the same value. The previous revision in 2017 was Rs 1,005 per sq.ft, showing a 49% increase over the years.

What is the land classification for Blue Bell Avenue?

Blue Bell Avenue is classified as Mixed Type - I land under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Blue Bell Avenue?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.