Guideline Value for SUVARNA BHOOMI

Suvarna Bhoomi guideline value

The current guideline value of Suvarna Bhoomi is Rs 2,475 per sq.ft, effective from 1 July 2024. This property is located in Cheranancheri village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Suvarna Bhoomi has changed

In the 2023 revision, the guideline value for Suvarna Bhoomi was Rs 2,250 per sq.ft. The increase from 2023 to the current 2024 revision is 10%, bringing the value to Rs 2,475 per sq.ft. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

As we look back at the previous revisions, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002. The only recorded changes in guideline values for Suvarna Bhoomi occurred between 2023 and 2024.

Guideline values in Cheranancheri

Cheranancheri has a total of 31 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 274 to Rs 3,000 per sq.ft. The median guideline value in this village is Rs 1,540 per sq.ft, placing Suvarna Bhoomi's 2024 figure above that median.

• Suriya Narayana Garden Phase I: Rs 2,475 per sq.ft (2024)
• Suriya Narayana Garden: Rs 1,760 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,300 per sq.ft (2024)
• Sri Srinivasa Garden Extn Phase-II: Rs 440 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Suvarna Bhoomi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost for these fees to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Suvarna Bhoomi?

The Sub Registrar Office that covers Suvarna Bhoomi is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Cheranancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property in this area, it is essential to be aware of the guideline value, as it influences the overall costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Suvarna Bhoomi?

The current guideline value of Suvarna Bhoomi is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased by 10% from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024.

What is the land classification for Suvarna Bhoomi?

Suvarna Bhoomi is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Suvarna Bhoomi?

The Avadi Sub Registrar Office covers Suvarna Bhoomi, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in Suvarna Bhoomi?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current guideline value incurs a total cost of Rs 2,22,750 for these fees.