Guideline Value for CASA GRAND BLOOM-III

Casa Grand Bloom-III guideline value

The current guideline value of Casa Grand Bloom-III is Rs 2,150 per sq.ft, effective from 1 July 2024. This property is located in Thirumudivakkam village under the Padappai SRO and is classified as Residential Special Type - II.

How the guideline value of Casa Grand Bloom-III has changed

The guideline value for Casa Grand Bloom-III has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,950 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 2,150 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Casa Grand Bloom-III above this median.

• Doshi Firstnest: Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)
• Astalakshmi Nagar: Rs 880 per sq.ft (2024)
• Farm Land Layout: Rs 1,320 per sq.ft (2024)
• Arunagiri Nagar: Rs 880 per sq.ft (2024)
• A.R.Rahman Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Casa Grand Bloom-III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would amount to Rs 1,50,500, while the registration fee at 2% would be Rs 43,000, bringing the total cost for these fees to Rs 1,93,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For assistance in calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Casa Grand Bloom-III?

The Sub Registrar Office that covers Casa Grand Bloom-III 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 Thirumudivakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumudivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to assess the applicable fees, which can be significant. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Casa Grand Bloom-III?

The current guideline value of Casa Grand Bloom-III is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,950 per sq.ft in 2017 to Rs 2,150 per sq.ft in 2024, reflecting a 10% increase. The value remained unchanged from 2017 to 2023.

What is the land classification of Casa Grand Bloom-III?

Casa Grand Bloom-III is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the registration office for Casa Grand Bloom-III?

The registration office for Casa Grand Bloom-III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Thirumudivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 21,50,000 would incur a stamp duty of Rs 1,50,500 at a rate of 7%.