Guideline Value for S.R. Garden

S.R. Garden guideline value

The current guideline value of S.R. Garden, located in Nallur village, is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

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

The guideline value for S.R. Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, which has been carried forward into the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 150 per sq.ft.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 126 to Rs 700 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing S.R. Garden's 2024 figure below this median.

• Sri Balaji Nagar: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Part-I: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Part-II: Rs 250 per sq.ft (2024)
• Siva Sakthi Nagar: Rs 150 per sq.ft (2024)
• Sriperumpudur Kundrathur Road: Rs 500 per sq.ft (2024)
• S.D. Nagar: Rs 350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 S.R. Garden?

The Sub Registrar Office that covers S.R. Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nallur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved.

During registration, the guideline value helps in establishing a fair transaction price for the property. It is essential for buyers and sellers to be familiar with the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of S.R. Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification of S.R. Garden?

S.R. Garden is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office for S.R. Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 150 per sq.ft, the total fees would amount to Rs 13,500.