Guideline Value for S.P. GARDEN

S.P. Garden guideline value

The current guideline value of S.P. Garden, located in Siruvanoor village under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - III.

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

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 100 per sq.ft in the 2023 revision, reflecting a 49% increase from the 2017 figure.

As of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that S.P. Garden's 2024 figure is below that median.

• S.J.N. Nagar: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)
• Sri Selva Ganapathi Nagar: Rs 300 per sq.ft (2024)
• Sri Varsha Garden: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 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 100 per sq.ft, the total 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, making the total fees Rs 9,000. It is important to note that duty is charged on the higher of the guideline value and 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 S.P. Garden area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Siruvanoor

The guideline value plays a crucial role in property transactions in Siruvanoor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value of S.P. Garden has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 100 per sq.ft. The value was Rs 67 per sq.ft in 2017, showing a significant increase of 49% to Rs 100 per sq.ft in 2023.

What are the guideline values for other streets in Siruvanoor?

Other streets in Siruvanoor have varying guideline values, ranging from Rs 100 to Rs 900 per sq.ft. For example, S.J.N. Nagar and Senthil Nagar both have a value of Rs 100 per sq.ft in 2024.

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

Stamp duty for properties in S.P. Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000.

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

The Sub Registrar Office covering S.P. Garden is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more details online.