Guideline Value for NEW BHAIRAVI GARDEN

New Bhairavi Garden guideline value

The current guideline value of New Bhairavi Garden is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Medur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of New Bhairavi Garden has changed

The guideline value for New Bhairavi Garden has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure increased significantly to Rs 200 per sq.ft in both the 2023 and 2024 revisions, representing a total increase of 49% from the 2017 figure. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 200 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting a consistent valuation since the 2023 revision.

Guideline values in Medur

In Medur village, there are six streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 225 per sq.ft, placing New Bhairavi Garden's 2024 figure below this median.

• Mani Naidu Garden: Rs 450 per sq.ft (2024)
• Lucky Star City: Rs 250 per sq.ft (2024)
• Royal Green city Phase -III: Rs 200 per sq.ft (2024)
• Thirumagal Nagar: Rs 250 per sq.ft (2024)
• A.R.Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in New Bhairavi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total cost for stamp duty and registration fee is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Bhairavi Garden?

The New Bhairavi Garden is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Medur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation set by the Registration Department.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of New Bhairavi Garden?

The current guideline value of New Bhairavi Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, marking a total increase of 49% over this period.

What are the other streets in Medur with guideline values?

Other streets in Medur include Mani Naidu Garden at Rs 450 per sq.ft, Lucky Star City at Rs 250 per sq.ft, Royal Green city Phase -III at Rs 200 per sq.ft, Thirumagal Nagar at Rs 250 per sq.ft, and A.R.Garden at Rs 200 per sq.ft for 2024.

What is the stamp duty and registration fee for a property in New Bhairavi Garden?

For a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for New Bhairavi Garden?

The Sub Registrar Office covering New Bhairavi Garden is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.