Guideline Value for BLUE BREEZE

Blue Breeze guideline value

The current guideline value of Blue Breeze is Rs 6,100 per sq.ft, effective from 1 July 2024. This area is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Special Type - II.

How the guideline value of Blue Breeze has changed

The guideline value for Blue Breeze has seen significant changes over the years. The 2017 revision set the value at Rs 3,685 per sq.ft, which increased to Rs 5,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value further to Rs 6,100 per sq.ft, marking an increase of 11% from the previous year. Notably, the overall change from 2017 to 2024 is a substantial 66%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2023 to 2024 increase of 11% follows a remarkable 49% rise from 2017 to 2023, indicating a consistent upward trend in the guideline value.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Blue Breeze above this median.

• Blue Beach Road: Rs 4,400 per sq.ft (2024)
• Blue Beach Lane: Rs 4,400 per sq.ft (2024)
• Blue Beach Kuppam: Rs 1,700 per sq.ft (2024)
• Brindavanam Nagar: Rs 1,700 per sq.ft (2024)
• Bharathiyar Street (Vaidyalingam Street): Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar Selva Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Breeze

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total fees to Rs 5,49,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Blue Breeze?

The Sub Registrar Office that covers Blue Breeze is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Neelankarai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value helps determine the minimum sale price that can be registered. Buyers and sellers must be aware of this value to ensure compliance with registration regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Blue Breeze?

The current guideline value of Blue Breeze is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,685 per sq.ft in 2017 to Rs 6,100 per sq.ft in 2024, marking an overall increase of 66% over this period.

What is the land classification of Blue Breeze?

Blue Breeze is classified as Residential Special Type - II, indicating its designation for residential purposes within the Neelankarai area.

What are the stamp duty and registration fees for property in Blue Breeze?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000.

Where is the Sub Registrar Office for Blue Breeze located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.