Guideline Value for Beauty Greens

Beauty Greens guideline value

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

How the guideline value of Beauty Greens has changed

The guideline value for Beauty Greens has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which was a significant increase from previous years, although the register has no figures for the years 2002, 2003, 2007, and 2012. The value remained at Rs 300 per sq.ft during the 2023 revision and has not changed in the 2024 revision, resulting in a 49% increase from the 2017 figure to 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has remained the same at Rs 300 per sq.ft. This indicates stability in the guideline value for this street over the last two revisions.

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 aligns with the current figure for Beauty Greens.

• Beauty kingdom: Rs 300 per sq.ft (2024)
• Beauty Farms: 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 Greens

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Beauty Greens?

The Sub Registrar Office that covers Beauty Greens is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Pillaippakkam-A

The guideline value plays a crucial role in the registration process when buying or selling property in Pillaippakkam-A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the regulations set by the Registration Department.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Beauty Greens?

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

How has the guideline value changed over the years?

The guideline value for Beauty Greens has increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the median guideline value in Pillaippakkam-A?

The median guideline value in Pillaippakkam-A is Rs 300 per sq.ft, which is the same as the current guideline value for Beauty Greens.

What are the stamp duty rates for property in Beauty Greens?

The stamp duty for property in Beauty Greens is charged at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 21,000.

Where is the Sub Registrar Office for Beauty Greens located?

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