Guideline Value for TVH BLOOM PHASE-II

Tvh Bloom Phase-II guideline value

The current guideline value for Tvh Bloom Phase-II is Rs 5,500 per sq.ft. This property is located in Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - III.

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

The guideline value for Tvh Bloom Phase-II has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 5,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

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

• Tvh Bloom: Rs 5,500 per sq.ft (2024)
• Tvh Bloom Phase-III: Rs 5,500 per sq.ft (2024)
• Tvh Crossway: 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total 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, bringing the total fees together to Rs 4,95,000. 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 details.

Which Sub Registrar Office covers Tvh Bloom Phase-II?

The Sub Registrar Office that covers Tvh Bloom Phase-II 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 more information.

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

The guideline value plays a crucial role during property registration in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is the basis for calculating these fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Tvh Bloom Phase-II?

The current guideline value for Tvh Bloom Phase-II 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 changed from Rs 5,000 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase. There was no change recorded between the 2017 and 2023 revisions.

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

Other streets in Sholinganallur - 1 with a guideline value of Rs 5,500 per sq.ft include Tvh Bloom Phase-III and Tvh Crossway. Other streets have varying rates, with the lowest being Rs 1,000 per sq.ft and the highest at Rs 8,800 per sq.ft.

What is the stamp duty rate for properties in Tvh Bloom Phase-II?

The stamp duty rate for properties in Tvh Bloom Phase-II is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for Tvh Bloom Phase-II?

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