Guideline Value for S.K.GARDEN

S.K.Garden guideline value

The current guideline value of S.K.Garden is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in 117. Pulipakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of S.K.Garden has changed

Over the years, the guideline value for S.K.Garden has seen several revisions. The 2012 revision set the value at Rs 80 per sq.ft, which then decreased to Rs 54 per sq.ft in the 2017 revision. Following this, the value remained unchanged at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating no increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 25%.

From the 2017 revision to the 2023 revision, there was a significant increase of 85%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 117. Pulipakkam

In 117. Pulipakkam, there are three streets that carry a 2024 guideline value, ranging from Rs 100 to Rs 150 per sq.ft, with a median of Rs 101 per sq.ft. The guideline value for S.K.Garden is below this median.

• Npls City Raj Nagar: Rs 101 per sq.ft (2024)
• Krishna Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in S.K.Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers S.K.Garden?

The Sub Registrar Office that covers S.K.Garden is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 117. Pulipakkam

The guideline value is a crucial factor in the registration process when buying or selling property in 117. Pulipakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating the applicable fees.

Frequently asked questions

What is the current guideline value of S.K.Garden?

The current guideline value of S.K.Garden is Rs 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 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then remained at Rs 100 per sq.ft in both 2023 and 2024.

What are the guideline values of other streets in 117. Pulipakkam?

Other streets in 117. Pulipakkam have the following guideline values: Npls City Raj Nagar at Rs 101 per sq.ft and Krishna Nagar at Rs 150 per sq.ft for 2024.

What are the stamp duty and registration fees for a property in S.K.Garden?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registrations for S.K.Garden?

The Salavakkam Sub Registrar Office handles property registrations for S.K.Garden, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.