Guideline Value for PREM BHUKRAJ GARDEN

Prem Bhukraj Garden guideline value

The current guideline value of Prem Bhukraj Garden is Rs 450 per sq.ft, effective from 1 July 2024. This property is located in Medur 3 village under the Ponneri SRO, and it falls under the Residential Special Type - IV land classification.

How the guideline value of Prem Bhukraj Garden has changed

The guideline value for Prem Bhukraj Garden has seen revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 450 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to 2024 revision, there was a change of +0%. Both revisions maintain the guideline value at Rs 450 per sq.ft, indicating stability in the valuation for this property.

Guideline values in Medur 3

In Medur 3, the guideline value for Prem Bhukraj Garden is Rs 450 per sq.ft. Below are the guideline values for other streets in Medur 3:

• Adithya Garden: Rs 725 per sq.ft (2024)

Stamp duty and registration fee for property in Prem Bhukraj Garden

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty is charged at 7%, which totals Rs 31,500, and the registration fee is charged at 2%, amounting to Rs 9,000. Together, the total cost for stamp duty and registration fee is Rs 40,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Prem Bhukraj Garden?

The Sub Registrar Office that covers Prem Bhukraj Garden is 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 3

The guideline value is a crucial factor during property transactions in Medur 3. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling a property, the guideline value serves as a reference point for buyers and sellers to negotiate the sale price. It provides a standardized valuation that helps in assessing the worth of the property within the local market context.

Frequently asked questions

What is the current guideline value of Prem Bhukraj Garden?

The current guideline value of Prem Bhukraj Garden is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Prem Bhukraj Garden has remained at Rs 450 per sq.ft since the 2023 revision and continues to be the same in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for a property in Prem Bhukraj Garden?

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total stamp duty is Rs 31,500 and the registration fee is Rs 9,000, making the total Rs 40,500.

Which Sub Registrar Office covers Prem Bhukraj Garden?

The Ponneri Sub Registrar Office covers Prem Bhukraj Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference for buyers and sellers to determine the property's worth in the local market.