Guideline Value for S.S.GARDEN PHASE-I

S.S.Garden Phase-I guideline value

The current guideline value of S.S.Garden Phase-I in Nenmeli village is Rs 1,045 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Mixed Special Type - III.

How the guideline value of S.S.Garden Phase-I has changed

The guideline value for S.S.Garden Phase-I has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 700 per sq.ft. This figure remained unchanged in the 2023 revision, but in the 2024 revision, it increased to Rs 1,045 per sq.ft, reflecting a 49% increase from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value remained stable at Rs 700 per sq.ft, and the 2024 revision marked a significant change, resulting in an overall increase of 49% from the 2017 value. The 2023 to 2024 revision saw no change, maintaining the value at Rs 1,045 per sq.ft.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in Nenmeli is Rs 612 per sq.ft, making the S.S.Garden Phase-I guideline value above this median.

• SRM Garden Phase II: Rs 612 per sq.ft (2024)
• SRM Garden Phase - I: Rs 612 per sq.ft (2024)
• Srm City: Rs 600 per sq.ft (2024)
• Srm Avenue Phase-II: Rs 1,120 per sq.ft (2024)
• Srm Avenue Phase-I: Rs 1,120 per sq.ft (2024)
• Teachers Colony: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in S.S.Garden Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value would be Rs 10,45,000. The stamp duty at 7% would amount to Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total cost for these fees Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.Garden Phase-I?

The S.S.Garden Phase-I is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nenmeli. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of S.S.Garden Phase-I?

The current guideline value of S.S.Garden Phase-I is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 700 per sq.ft in 2017 to Rs 1,045 per sq.ft in 2024, reflecting a 49% increase overall. The value remained unchanged at Rs 1,045 per sq.ft from 2023 to 2024.

What are the stamp duty and registration fees for property in S.S.Garden Phase-I?

For a 1,000 sq.ft plot, the guideline value is Rs 10,45,000. The stamp duty would be Rs 73,150 and the registration fee would be Rs 20,900, totaling Rs 94,050.

Which Sub Registrar Office covers S.S.Garden Phase-I?

The Chengleput Joint I Sub Registrar Office covers S.S.Garden Phase-I, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, maintaining transparency in the process.