Guideline Value for Beauty Dreams

Beauty Dreams guideline value

The current guideline value of Beauty Dreams in Mannoor village, under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Beauty Dreams has changed

The guideline value for Beauty Dreams has seen several revisions over the years. The register shows that in 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, this figure remained unchanged until the 2017 revision, where it rose to Rs 201 per sq.ft, marking a 49% increase from the previous revision. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value continues into the 2024 revision, showing no change.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO, with guideline values in 2024 ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Beauty Dreams above this median.

• Beauty Farms & Resorts: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Cresent Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Beauty Dreams

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beauty Dreams?

The Beauty Dreams area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Mannoor. It serves as a benchmark for determining the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable taxes. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Beauty Dreams?

The current guideline value of Beauty Dreams is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Mannoor?

The median guideline value for streets in Mannoor is Rs 250 per sq.ft, with Beauty Dreams being above this median at Rs 300 per sq.ft.

What are the stamp duty and registration fees for property in Beauty Dreams?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, with a stamp duty of Rs 21,000 and a registration fee of Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Beauty Dreams located?

The Sub Registrar Office covering Beauty Dreams is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.