Guideline Value for SEA BREAZE

Sea Breaze guideline value

The current guideline value of Sea Breaze in Mugaiyoor village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Cheyyur SRO and is classified as Residential Special Type - I.

How the guideline value of Sea Breaze has changed

The guideline value for Sea Breaze has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 400 per sq.ft. As of the 2024 revision, the guideline value has been maintained at Rs 400 per sq.ft, showing no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, indicating that the value has stabilized at Rs 400 per sq.ft since 2023.

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 among these streets is Rs 600 per sq.ft, placing Sea Breaze's 2024 figure below that median.

• Radiance Marina: Rs 600 per sq.ft (2024)
• Muthu Nagar: Rs 600 per sq.ft (2024)
• Happy Bay Annexe: Rs 400 per sq.ft (2024)
• Happy Bay: Rs 400 per sq.ft (2024)
• Ocean Abode: Rs 1,000 per sq.ft (2024)
• Vanavil Bala Beach: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sea Breaze

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to 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, resulting in a total of Rs 36,000 for both duties. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sea Breaze?

The Sub Registrar Office covering Sea Breaze 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 details.

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

The guideline value is a crucial factor in property transactions in Mugaiyoor. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must refer to the current guideline value to ensure compliance with local regulations and to calculate the necessary fees accurately.

During the registration process, the guideline value serves as a baseline for assessing property value. This ensures that the transaction is officially recorded at a value that reflects the current standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sea Breaze?

The current guideline value of Sea Breaze is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What other streets in Mugaiyoor have guideline values?

There are several other streets in Mugaiyoor with guideline values ranging from Rs 400 to Rs 1,000 per sq.ft. Notable streets include Radiance Marina and Muthu Nagar, both valued at Rs 600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sea Breaze?

For a plot of 1,000 sq.ft at the guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Sea Breaze located?

The Cheyyur Sub Registrar Office, which covers Sea Breaze, is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.