Guideline Value for SAI KRITHIKA GARDEN

Sai Krithika Garden guideline value

The current guideline value of Sai Krithika Garden is Rs 469 per sq.ft. This property is located in Salamangalam village, under the Sriperumpudur SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Sai Krithika Garden has changed

The guideline value for Sai Krithika Garden has undergone several revisions over the years. The most recent revision effective from 1 July 2024 is Rs 469 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision set the value at Rs 700 per sq.ft, marking a significant decrease of 33% to the current rate.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable from 2023 to 2024, showing no change, while the overall change from 2017 to 2024 is a decrease of 33%.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, indicating that Sai Krithika Garden's 2024 figure is below this median.

• Sakthi Nagar: Rs 400 per sq.ft (2024)
• Saravanan Nagar: Rs 300 per sq.ft (2024)
• Ramesh Garden: Rs 400 per sq.ft (2024)
• Ramakrishna Nagar: Rs 300 per sq.ft (2024)
• Pranav Orchid: Rs 600 per sq.ft (2024)
• Sri Balaji Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Krithika Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 469 per sq.ft, the total guideline value amounts to Rs 4,69,000. The stamp duty at 7% would be Rs 32,830, and the registration fee at 2% would be Rs 9,380, bringing the total to Rs 42,210. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Krithika Garden?

The Sai Krithika Garden falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Salamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the purchase or sale of a property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sai Krithika Garden?

The current guideline value of Sai Krithika Garden is Rs 469 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged from Rs 469 per sq.ft in 2023 to 2024, but it has decreased from Rs 700 per sq.ft in 2017, reflecting a 33% drop over the period from 2017 to 2024.

What are the guideline values of other streets in Salamangalam?

Other streets in Salamangalam have varying guideline values, with rates ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft.

What are the stamp duty and registration fees for Sai Krithika Garden?

For a 1,000 sq.ft plot at the guideline value of Rs 469 per sq.ft, the total guideline value is Rs 4,69,000. The stamp duty is Rs 32,830, and the registration fee is Rs 9,380, totaling Rs 42,210.

Which office handles the registration for Sai Krithika Garden?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles the registration for Sai Krithika Garden.