Guideline Value for Breeze county

Breeze county guideline value

The current guideline value for Breeze county in Padoor village is Rs 600 per sq.ft, effective from 1 July 2024. This value falls under the Residential Special Type - I land classification and is registered with the Sunguvarchattram SRO.

How the guideline value of Breeze county has changed

The guideline value for Breeze county has seen several revisions over the years. The earliest available revision is from 2017, where the value was Rs 402 per sq.ft. In the subsequent revisions, the value remained unchanged at Rs 600 per sq.ft for both 2023 and 2024, indicating no increase from 2023 to 2024. However, from 2017 to 2023, there was a significant increase of 49% in the guideline value.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The revisions prior to 2017, specifically for the years 2002, 2003, 2007, and 2012, do not have any figures available for this street.

Guideline values in Padoor

Padoor village consists of 22 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, making the current value of Rs 600 per sq.ft for Breeze county below the median.

• Bypass Road: Rs 200 per sq.ft (2024)
• Bhajanai koil street: Rs 200 per sq.ft (2024)
• Amman Koil Street: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Breeze county

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. 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 Breeze county?

The Breeze county area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padoor. It serves as the basis for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to determine the applicable fees. It is essential for both parties to be aware of the guideline value to avoid discrepancies and ensure a smooth transaction.

Frequently asked questions

What is the current guideline value for Breeze county?

The current guideline value for Breeze county in Padoor village is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for the years 2023 and 2024, while it was Rs 402 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, and overall, from 2017 to 2024, the increase is also 49%.

What is the median guideline value in Padoor?

The median guideline value for the streets in Padoor village is Rs 705 per sq.ft, with Breeze county's current value of Rs 600 per sq.ft being below this median.

How is stamp duty calculated in Breeze county?

Stamp duty in Breeze county is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would amount to Rs 42,000.

Where can I find the Sub Registrar Office for Breeze county?

The Sub Registrar Office covering Breeze county is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.