Guideline Value for Blue Beach Kuppam

Blue Beach Kuppam guideline value

The current guideline value of Blue Beach Kuppam is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Blue Beach Kuppam has changed

The guideline value for Blue Beach Kuppam has seen several revisions over the years. The 2007 revision set the rate at Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% rise. However, the value decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. Following this, the 2023 revision brought the value up to Rs 1,500 per sq.ft, and the latest 2024 revision has set it at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 580%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Blue Beach Kuppam's 2024 figure below that median.

• Blue Beach Lane: Rs 4,400 per sq.ft (2024)
• Blue Beach Road: Rs 4,400 per sq.ft (2024)
• Blue Breeze: Rs 6,100 per sq.ft (2024)
• Brindavanam Nagar: Rs 1,700 per sq.ft (2024)
• Bharathiyar Street (Vaidyalingam Street): Rs 1,700 per sq.ft (2024)
• Bharathiyar Nagar Selva Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Beach Kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Blue Beach Kuppam?

The Sub Registrar Office that covers Blue Beach Kuppam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Neelankarai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values in the area.

During the registration process, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Blue Beach Kuppam?

The current guideline value of Blue Beach Kuppam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 580% over this period.

What are the stamp duty and registration fees for property in Blue Beach Kuppam?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 17,00,000. The stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Blue Beach Kuppam?

The Neelankarai Sub Registrar Office handles registrations for Blue Beach Kuppam, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

Where can I find the guideline values for other streets in Neelankarai?

The guideline values for other streets in Neelankarai can be found on the respective links provided for each street, detailing their current rates per sq.ft.