Guideline Value for SHOBHA BLOSSOMS

Shobha Blossoms guideline value

The current guideline value of Shobha Blossoms is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Manimangalam B village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of Shobha Blossoms has changed

The guideline value for Shobha Blossoms has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 1,400 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value was Rs 1,400 per sq.ft. Unfortunately, there are no figures available for the earlier years in the register for this street. The consistent updates reflect the changing landscape of property valuation in the area.

Guideline values in Manimangalam B

In Manimangalam B, there are 16 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 1,800 per sq.ft, with a median value of Rs 1,360 per sq.ft. Shobha Blossoms is positioned above this median.

• Shiva Garden Part - II: Rs 880 per sq.ft (2024)
• Sri Astalakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar Phase - III: Rs 770 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 1,320 per sq.ft (2024)
• Nandhini Garden Phase -II: Rs 960 per sq.ft (2024)
• Nandhini Garden: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Shobha Blossoms

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value totals Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total Rs 1,38,600. It is important to note that the 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 more details.

Which Sub Registrar Office covers Shobha Blossoms?

The Sub Registrar Office that covers Shobha Blossoms is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manimangalam B. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions. It is essential to check the latest values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Shobha Blossoms?

The current guideline value of Shobha Blossoms is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for Shobha Blossoms?

For a 1,000 sq.ft plot, the guideline value is Rs 15,40,000. The stamp duty at 7% is Rs 1,07,800, and the registration fee at 2% is Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office covers Shobha Blossoms?

The Padappai Sub Registrar Office covers Shobha Blossoms, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined for properties in Manimangalam B?

The guideline value for properties in Manimangalam B is determined by the government and is subject to periodic revisions. It is used to assess the stamp duty and registration fees during property transactions.