Guideline Value for Beauty Farms

Beauty Farms guideline value

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

How the guideline value of Beauty Farms has changed

In the 2017 revision, the guideline value was set at Rs 201 per sq.ft. This figure remained unchanged at Rs 300 per sq.ft in the 2023 revision and continued to be Rs 300 per sq.ft in the 2024 revision, reflecting a 49% increase from the 2017 figure. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value saw an increase of 49%. The overall change from the 2017 revision to the 2024 revision is also +49%, with no change in the value between 2023 and 2024.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,254 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which is equal to the guideline value of Beauty Farms.

• Beauty Greens: Rs 300 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)
• Bhirundhavan Nagar: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Cyrstel Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Beauty Farms

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, bringing the total to Rs 27,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Beauty Farms?

The Sub Registrar Office covering Beauty Farms is 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 Pillaippakkam-A

The guideline value is a crucial factor during the registration of property in Pillaippakkam-A. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Beauty Farms?

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

How has the guideline value changed over the years?

The guideline value of Beauty Farms has remained at Rs 300 per sq.ft from 2023 to 2024, with a 49% increase from Rs 201 per sq.ft in 2017. The register has no figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Beauty Farms?

Beauty Farms is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Beauty Farms located?

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

How are stamp duty and registration fees calculated for properties?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a total of Rs 27,000 in fees.