Guideline Value for BOLLINENI HILLSIDE

Bollineni Hillside guideline value

The current guideline value of Bollineni Hillside is Rs 2,725 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Bollineni Hillside has changed

The guideline value for Bollineni Hillside has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision, and finally, it reached Rs 2,725 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The changes between the revisions are as follows: from 2017 to 2023, there was a 49% increase, while the 2012 to 2017 revision saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, which is the same as the current value for Bollineni Hillside.

• Bhavathara: Rs 1,300 per sq.ft (2024)
• Casa Grande "cherry Pick": Rs 2,725 per sq.ft (2024)
• Casa Vogue: Rs 2,725 per sq.ft (2024)
• Bharathiyar Street: Rs 2,200 per sq.ft (2024)
• Bharathi Vidyalaya Palli: Rs 2,725 per sq.ft (2024)
• Chandrasekaran Nagar: Rs 975 per sq.ft (2024)

Stamp duty and registration fee for property in Bollineni Hillside

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total cost for these fees to Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Bollineni Hillside?

The Sub Registrar Office that covers Bollineni Hillside 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Perumbakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the property transaction. Proper understanding of these values can help in planning the financial aspects of buying or selling real estate in the area.

Frequently asked questions

What is the current guideline value of Bollineni Hillside?

The current guideline value of Bollineni Hillside is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 to Rs 1,675 in 2017, then back to Rs 2,500 in 2023, and finally to Rs 2,725 in 2024.

What is the land classification for Bollineni Hillside?

Bollineni Hillside is classified as Residential Special Type - I.

Where is the Selaiyur Sub Registrar Office 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.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a property valued at Rs 27,25,000, the total fees would amount to Rs 2,45,250.