Guideline Value for SHANTHI BHAVANAM

Shanthi Bhavanam guideline value

The current guideline value of Shanthi Bhavanam is Rs 1,095 per sq.ft, effective from 1 July 2024. This property is located in Chembarambakkam village, under the Poonamallee SRO, and is classified as Industries Type - III.

How the guideline value of Shanthi Bhavanam has changed

The guideline value for Shanthi Bhavanam has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,095 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value increased from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024. The previous revisions do not provide any figures for Shanthi Bhavanam, indicating that there have been no recorded changes in those years.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Shanthi Bhavanam's 2024 figure below that median.

• Sidco: Rs 1,095 per sq.ft (2024)
• Sidco 75/1a, 1b: Rs 1,095 per sq.ft (2024)
• Sathya Nagar: Rs 1,540 per sq.ft (2024)
• Spartan Enclave: Rs 1,540 per sq.ft (2024)
• Spotlight: Rs 2,700 per sq.ft (2024)
• Santro City Phase - II: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Bhavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value would be Rs 10,95,000. The stamp duty at 7% would amount to Rs 76,650, and the registration fee at 2% would be Rs 21,900, totaling Rs 98,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further assistance, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Bhavanam?

The Sub Registrar Office covering Shanthi Bhavanam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is used to calculate the associated costs, ensuring that both buyers and sellers are aware of the financial implications of the transaction. This helps maintain transparency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Shanthi Bhavanam?

The current guideline value of Shanthi Bhavanam is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Chembarambakkam?

The median guideline value for streets in Chembarambakkam is Rs 1,100 per sq.ft, with Shanthi Bhavanam's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Shanthi Bhavanam?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 76,650, and the registration fee would be Rs 21,900, totaling Rs 98,550.

Which office handles property registrations for Shanthi Bhavanam?

The Poonamallee Sub Registrar Office handles property registrations for Shanthi Bhavanam, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.