Guideline Value for Beauty Garden Resorts

Beauty Garden Resorts guideline value

The current guideline value of Beauty Garden Resorts, located in Mudhukoor village, is Rs 200 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class II Type - I land classification. The property is registered under the Sunguvarchattram SRO.

How the guideline value of Beauty Garden Resorts has changed

The guideline value for Beauty Garden Resorts has undergone several changes over the years. The register shows that in 2012, the value was Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly by 49% to Rs 200 per sq.ft in 2023. The 2024 revision maintains this value at Rs 200 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Mudhukoor

Mudhukoor village features 29 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is the same as the current value for Beauty Garden Resorts.

• Beauty Green Orchards: Rs 200 per sq.ft (2024)
• Baskaran Avenue part-II: Rs 250 per sq.ft (2024)
• Baskaran Avenue part-I: Rs 250 per sq.ft (2024)
• Green Areena: Rs 200 per sq.ft (2024)
• Indhira Nagar: Rs 250 per sq.ft (2024)
• Kamaraj Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Beauty Garden Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost for these fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Beauty Garden Resorts?

The Beauty Garden Resorts is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Mudhukoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures 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 directly affects the costs involved in the registration process. The guideline value serves as a benchmark for assessing the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Beauty Garden Resorts?

The current guideline value of Beauty Garden Resorts is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 200 per sq.ft in 2024, which is the same as in 2023. It was Rs 134 per sq.ft in 2017, showing a 49% increase by 2023.

What is the land classification for Beauty Garden Resorts?

Beauty Garden Resorts falls under the Residential Class II Type - I land classification, which is relevant for property transactions and regulations.

Where is the Sub Registrar Office for Beauty Garden Resorts located?

The Sub Registrar Office covering Beauty Garden Resorts is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mudhukoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.