Guideline Value for SRI BHRAMA SAKTHI CITY GARDEN

Sri Bhrama Sakthi City Garden guideline value

The current guideline value of Sri Bhrama Sakthi City Garden is Rs 700 per sq.ft. This property is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification is Residential Class I Type - I.

How the guideline value of Sri Bhrama Sakthi City Garden has changed

Looking at the revisions, the guideline value for Sri Bhrama Sakthi City Garden was Rs 700 per sq.ft in 2012. This figure remained the same in the subsequent revision in 2017, where it was revised down to Rs 469 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 700 per sq.ft again. Notably, there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

From 2012 to 2017, there was a decrease of 33%. Conversely, the change from 2017 to 2023 saw an increase of 49%. Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 700 per sq.ft.

Guideline values in Ponmar

Currently, there are no specific village figures provided for Ponmar. Sri Bhrama Sakthi City Garden is the only street mentioned under the Gooduvancheri SRO. As such, there are no other streets in Ponmar listed with guideline values.

Stamp duty and registration fee for property in Sri Bhrama Sakthi City Garden

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that 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 Sri Bhrama Sakthi City Garden?

The Gooduvancheri Sub Registrar Office covers Sri Bhrama Sakthi City Garden. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ponmar. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the registration process.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the correct amount is collected based on the property's valuation.

Frequently asked questions

What is the current guideline value of Sri Bhrama Sakthi City Garden?

The current guideline value of Sri Bhrama Sakthi City Garden is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and then back to Rs 700 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024.

What are the stamp duty and registration fees for properties in Sri Bhrama Sakthi City Garden?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. This is calculated based on the guideline value.

Which Sub Registrar Office covers the area of Sri Bhrama Sakthi City Garden?

The Gooduvancheri Sub Registrar Office covers Sri Bhrama Sakthi City Garden. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What land classification is Sri Bhrama Sakthi City Garden under?

Sri Bhrama Sakthi City Garden is classified as Residential Class I Type - I. This classification is important for determining the guideline value and applicable regulations for properties in the area.