Guideline Value for TVH BLOOM PHASE-III

Tvh Bloom Phase-III guideline value

The current guideline value of Tvh Bloom Phase-III is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Tvh Bloom Phase-III has changed

According to the register, the guideline value for Tvh Bloom Phase-III has undergone several revisions. The 2017 revision recorded a guideline value of Rs 5,000 per sq.ft, which remained unchanged in the 2023 revision. However, the most recent 2024 revision has increased this value to Rs 5,500 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a cumulative increase of 10% in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The 2024 revision reflects a significant change compared to the earlier figures, indicating a positive adjustment in the guideline value.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Tvh Bloom Phase-III's value above the median.

• Tvh Bloom Phase-II: Rs 5,500 per sq.ft (2024)
• Tvh Crossway: Rs 5,500 per sq.ft (2024)
• Tvh Bloom: Rs 5,500 per sq.ft (2024)
• T.S.R.K.D.Holding Canel: Rs 3,300 per sq.ft (2024)
• T.V.S.Avenue: Rs 4,400 per sq.ft (2024)
• Trit Wood Drive Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Tvh Bloom Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is essential to note that the 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 Tvh Bloom Phase-III?

The Sub Registrar Office covering Tvh Bloom Phase-III is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It serves as the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Tvh Bloom Phase-III?

The current guideline value of Tvh Bloom Phase-III is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 5,000 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2024, marking a 10% increase. There was no change in the value between 2017 and 2023.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, ranging from Rs 1,000 to Rs 8,800 per sq.ft. Tvh Bloom Phase-III's value is above the median of Rs 2,200 per sq.ft.

What fees are associated with buying property in Tvh Bloom Phase-III?

When buying property in Tvh Bloom Phase-III, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Tvh Bloom Phase-III located?

The Neelankarai Sub Registrar Office, which covers Tvh Bloom Phase-III, is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.