Guideline Value for TVH BLOOM

Tvh Bloom guideline value

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

How the guideline value of Tvh Bloom has changed

The guideline value for Tvh Bloom has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, an increase from Rs 5,000 per sq.ft in the 2023 revision. This marks a 10% increase from the previous year. Looking back further, the guideline value remained unchanged at Rs 5,000 per sq.ft from 2017 to 2023. Thus, from 2017 to 2024, there has been an overall increase of 10%.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only revisions available are from 2017, 2023, and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 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's 2024 figure above that median.

• Tvh Bloom Phase-II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total charges 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tvh Bloom?

The Sub Registrar Office that covers Tvh Bloom 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Sholinganallur - 1. It is the benchmark used by the registration department to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Tvh Bloom?

The current guideline value of Tvh Bloom 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 of 10% from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024. From 2017 to 2024, there has been an overall increase of 10% as well.

Which office handles registrations for Tvh Bloom?

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

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

The stamp duty rate for properties in Tvh Bloom is 7% of the guideline value or the sale price, whichever is higher.

How many streets are there in Sholinganallur - 1?

There are a total of 754 streets in Sholinganallur - 1 under the Neelankarai SRO that carry a 2024 guideline value.