Guideline Value

Corporate

Guideline Value for HAPPY BAY ANNEXE

₹400/sq.ft.

The guideline value for Happy Bay Annexe in Mugaiyoor village (Cheyyur SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mugaiyoor

Village

Cheyyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/156, Salt Road, Cheyyur- 603 302
044-27531094
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Happy Bay Annexe guideline value

The current guideline value for Happy Bay Annexe, located in Mugaiyoor village under the Cheyyur SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Happy Bay Annexe has changed

The guideline value for Happy Bay Annexe has seen revisions over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 400 per sq.ft. The 2024 revision has maintained this value at Rs 400 per sq.ft, showing no percentage change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mugaiyoor

In Mugaiyoor, there are seven streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Happy Bay Annexe's 2024 figure below that median.

Stamp duty and registration fee for property in Happy Bay Annexe

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making a total of Rs 36,000. It is important to 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 your calculations.

Which Sub Registrar Office covers Happy Bay Annexe?

The Sub Registrar Office that covers Happy Bay Annexe is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mugaiyoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Happy Bay Annexe?

The current guideline value of Happy Bay Annexe is Rs 400 per sq.ft, effective from the 2024 revision starting on 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 400 per sq.ft in 2023 and has remained the same in 2024. The value was Rs 268 per sq.ft in 2017.

What are the other streets in Mugaiyoor and their guideline values?

Other streets in Mugaiyoor include Happy Bay, Muthu Nagar, Radiance Marina, Sea Breaze, Ocean Abode, and Vanavil Bala Beach, with values ranging from Rs 400 to Rs 1,000 per sq.ft.

What is the stamp duty for property in Happy Bay Annexe?

The stamp duty for property in Happy Bay Annexe is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 28,000.

Where is the Sub Registrar Office for Happy Bay Annexe located?

The Sub Registrar Office for Happy Bay Annexe is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.