Guideline Value for Blossom's GREEN AGATE

Blossom's GREEN AGATE guideline value

The current guideline value of Blossom's GREEN AGATE is Rs 960 per sq.ft, effective from 1 July 2024. This property is located in Manimangalam A village under the Padappai SRO, classified as Residential Class I Type - IV.

How the guideline value of Blossom's GREEN AGATE has changed

The guideline value for Blossom's GREEN AGATE has undergone several revisions over the years. The 2017 revision recorded a value of Rs 871 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 960 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Blossom's GREEN AGATE above this median.

• Bilal Nagar: Rs 770 per sq.ft (2024)
• Bound Street: Rs 880 per sq.ft (2024)
• Bharathi Nagar: Rs 880 per sq.ft (2024)
• Bharath Avenue Phase I: Rs 880 per sq.ft (2024)
• Bharath Avenue: Rs 880 per sq.ft (2024)
• Chokkalingam Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Blossom's GREEN AGATE

For a 1,000 sq.ft plot at the current guideline value of Rs 960 per sq.ft, the total guideline value amounts to Rs 9,60,000. The stamp duty, charged at 7%, would be Rs 67,200, while the registration fee at 2% would be Rs 19,200, bringing the total fees to Rs 86,400. Please note that 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 Blossom's GREEN AGATE?

The Sub Registrar Office that covers Blossom's GREEN AGATE is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Manimangalam A. It is used to calculate the stamp duty and registration fees, which are mandatory for legalizing property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Blossom's GREEN AGATE?

The current guideline value of Blossom's GREEN AGATE is Rs 960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 10% to Rs 960 per sq.ft in the 2024 revision. The value remained unchanged at Rs 871 per sq.ft during the 2023 revision.

What is the classification of the land for Blossom's GREEN AGATE?

Blossom's GREEN AGATE is classified as Residential Class I Type - IV land. This classification determines the usage and regulations applicable to the property.

What other streets have guideline values in Manimangalam A?

Other streets in Manimangalam A under the Padappai SRO have varying guideline values, with rates ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft.

Where can I find the Sub Registrar Office for Blossom's GREEN AGATE?

The Sub Registrar Office for Blossom's GREEN AGATE is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more information by visiting the relevant online resources.