Guideline Value for Spring Blossoms

Spring Blossoms guideline value

The current guideline value of Spring Blossoms in Sriperumbudur A village, under the Sriperumpudur SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Spring Blossoms has changed

The guideline value for Spring Blossoms has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft. This figure remained until the 2023 revision, which also recorded a value of Rs 800 per sq.ft. The 2024 revision continues this trend with the same value of Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figures in the 2023 and 2024 revisions.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, with values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing the Spring Blossoms guideline value above this median.

• Sorkam Nagar: Rs 1,200 per sq.ft (2024)
• Sri Avenue: Rs 700 per sq.ft (2024)
• S.J Nagar: Rs 1,200 per sq.ft (2024)
• Sivanthangal Sree Nagar X th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar XI th Street: Rs 700 per sq.ft (2024)
• Sivanthangal Sree Nagar V th Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Spring Blossoms

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Spring Blossoms?

The Sub Registrar Office that covers Spring Blossoms is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sriperumbudur A. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Spring Blossoms?

The current guideline value of Spring Blossoms is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Sriperumbudur A with their guideline values?

Other streets in Sriperumbudur A include Sorkam Nagar at Rs 1,200 per sq.ft, Sri Avenue at Rs 700 per sq.ft, and S.J Nagar at Rs 1,200 per sq.ft, among others.

What fees are associated with buying property in Spring Blossoms?

When buying property in Spring Blossoms, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 72,000.

Where can I find the Sub Registrar Office for Spring Blossoms?

The Sub Registrar Office for Spring Blossoms is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.