Guideline Value for S.P.K.GARDEN

S.P.K.Garden guideline value

The current guideline value of S.P.K.Garden is Rs 180 per sq.ft, effective from 1 July 2024. This property is located in Thiruppulivanam village under the Uthiramerur SRO, classified as Residential Class III Type - IV.

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

The guideline value for S.P.K.Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 180 per sq.ft, marking an increase of 80% from the 2017 figure. The 2024 revision has maintained this value at Rs 180 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Thiruppulivanam

In Thiruppulivanam, four streets under the Uthiramerur SRO have a 2024 guideline value ranging from Rs 180 to Rs 300 per sq.ft, with a median value of Rs 225 per sq.ft. The guideline value for S.P.K.Garden is below this median.

• Hrm City College Nagar Phase II: Rs 225 per sq.ft (2024)
• HRM city: Rs 225 per sq.ft (2024)
• Sri Balaji Avenue: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,80,000. The stamp duty at 7% would be Rs 12,600, and the registration fee at 2% would be Rs 3,600, making the total Rs 16,200. 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 more information.

Which Sub Registrar Office covers S.P.K.Garden?

The Sub Registrar Office that covers S.P.K.Garden is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruppulivanam. It is used to determine the stamp duty and registration fees applicable to the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When property is registered, the guideline value ensures a standardized valuation across different properties in the area. This helps maintain transparency and fairness in real estate transactions, providing a consistent framework for buyers and sellers alike.

Frequently asked questions

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

The current guideline value of S.P.K.Garden is Rs 180 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2017 to Rs 180 per sq.ft in 2023 and 2024, showing an overall increase of 80% from 2017 to 2024.

What is the classification of land in S.P.K.Garden?

S.P.K.Garden is classified as Residential Class III Type - IV according to the local land classification.

Where can I find the registration office for S.P.K.Garden?

The registration office for S.P.K.Garden is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 16,200.