Guideline Value for Blackberry Street

Blackberry Street guideline value

The current guideline value of Blackberry Street in Madanandapuram village is Rs 2,530 per sq.ft, effective from 1 July 2024. This street falls under the Kunrathur SRO and is classified as Residential Class I Type - II.

How the guideline value of Blackberry Street has changed

The guideline value of Blackberry Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,530 per sq.ft, which is an increase of 10% from Rs 2,300 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a value of Rs 2,200 per sq.ft, marking a 5% increase from the previous figure.

There are no figures available for Blackberry Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 15%.

Guideline values in Madanandapuram

In Madanandapuram, there are 94 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,530 to Rs 5,830 per sq.ft, with a median value of Rs 3,520 per sq.ft. Blackberry Street's current value is below this median.

• Cheran Street: Rs 3,190 per sq.ft (2024)
• Bell Nagar: Rs 3,520 per sq.ft (2024)
• Balraj Nagar: Rs 3,190 per sq.ft (2024)
• Balaji Avenue: Rs 3,190 per sq.ft (2024)
• Bajanai Koil Street (West): Rs 3,190 per sq.ft (2024)
• Bajanai Koil Street (East): Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Blackberry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, totaling Rs 2,27,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blackberry Street?

The Sub Registrar Office that covers Blackberry Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a critical role in the registration process for property transactions in Madanandapuram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Blackberry Street?

The current guideline value of Blackberry Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,200 per sq.ft in 2017 to Rs 2,530 per sq.ft in 2024, reflecting a total increase of 15% over this period.

What is the registration office for Blackberry Street?

The registration office for Blackberry Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for property in Blackberry Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 25,30,000, with stamp duty at 7% amounting to Rs 1,77,100 and a registration fee at 2% totaling Rs 50,600.

What is the land classification for Blackberry Street?

Blackberry Street is classified as Residential Class I Type - II, which is relevant for determining the guideline value and related charges.