Guideline Value for Beauty Gardens

Beauty Gardens guideline value

The current guideline value of Beauty Gardens is Rs 150 per sq.ft. This area is located in Ulunthai village, under the Sunguvarchattram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Beauty Gardens has changed

The guideline value for Beauty Gardens has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision marked a decrease from the previous value of Rs 100 per sq.ft. In the 2023 revision, the value was maintained at Rs 150 per sq.ft, and this figure has remained the same in the 2024 revision, effective from 1 July 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 50% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 150 per sq.ft throughout this period.

Guideline values in Ulunthai

In Ulunthai village, there are 27 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 426 per sq.ft, with the median value being Rs 150 per sq.ft. Beauty Gardens' 2024 figure is equal to this median.

• Bajanai Kovil Street: Rs 150 per sq.ft (2024)
• Chennai Perambakkam salai: Rs 426 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Gandhi Street: Rs 150 per sq.ft (2024)
• Green Areana: Rs 150 per sq.ft (2024)
• Green Medows: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Beauty Gardens

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Beauty Gardens?

The Sub Registrar Office that covers Beauty Gardens is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ulunthai, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is assessed to calculate the applicable duties. It is essential to be aware of the guideline value, as it can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Beauty Gardens?

The current guideline value of Beauty Gardens is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Beauty Gardens has remained at Rs 150 per sq.ft since 2012, with a notable increase of 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What is the land classification of Beauty Gardens?

Beauty Gardens is classified as Residential Class II Type - I, which is relevant for determining the guideline value and applicable regulations.

Where can I find the Sub Registrar Office for Beauty Gardens?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total stamp duty and registration fees would amount to Rs 13,500.