Guideline Value for S & P Garden

S & P Garden guideline value

The current guideline value of S & P Garden is Rs 7,100 per sq.ft, effective from 1 July 2024. It is located in 1. Nolambur village under the Villivakkam SRO, and the land classification is Residential Special Type - I.

How the guideline value of S & P Garden has changed

The guideline value for S & P Garden has seen several revisions over the years. The 2017 revision set the value at Rs 4,355 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2023 revision. The latest revision in 2024 raised it further to Rs 7,100 per sq.ft, marking a change of +9% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by +63%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The increase from 2017 to 2023 was +49%, indicating a substantial rise in the value over that period.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which matches the guideline value of S & P Garden.

• Srigajalakshmi Nagar: Rs 3,700 per sq.ft (2024)
• Sriram Nagar Main Road: Rs 7,100 per sq.ft (2024)
• S.R.R. Nagar: Rs 7,100 per sq.ft (2024)
• Sudsen Gems Park: Rs 7,100 per sq.ft (2024)
• Sakthi Nagar & Streets: Rs 7,100 per sq.ft (2024)
• SAKTHI NAGAR IIIrd AVENUE: Rs 4,355 per sq.ft (2024)

Stamp duty and registration fee for property in S & P Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. 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 S & P Garden?

The Sub Registrar Office that covers S & P Garden is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor when registering property transactions in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of S & P Garden?

The current guideline value of S & P Garden is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. This represents an overall increase of +63% from 2017 to 2024.

What are the other streets in 1. Nolambur with their guideline values?

Other streets in 1. Nolambur include Srigajalakshmi Nagar at Rs 3,700 per sq.ft, Sriram Nagar Main Road, S.R.R. Nagar, Sudsen Gems Park, and Sakthi Nagar & Streets all at Rs 7,100 per sq.ft, and SAKTHI NAGAR IIIrd AVENUE at Rs 4,355 per sq.ft.

How is the stamp duty calculated for properties in S & P Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 71,00,000, the stamp duty would amount to Rs 4,97,000.

Where can I find the Sub Registrar Office for S & P Garden?

The Sub Registrar Office for S & P Garden is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about your SRO online.