Guideline Value

Corporate

Guideline Value for SAI SAKTHI GARDEN

₹103/sq.ft.

The guideline value for Sai Sakthi Garden in Veeranakunnam village (Madurandakam SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Veeranakunnam

Village

Madurandakam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹103 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sai Sakthi Garden

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Sai Sakthi Garden guideline value

The current guideline value of Sai Sakthi Garden, located in Veeranakunnam village under the Madurandakam SRO, is Rs 103 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sai Sakthi Garden has changed

The guideline value for Sai Sakthi Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking a 49% rise. In the latest 2024 revision, the guideline value increased slightly to Rs 103 per sq.ft, reflecting a 3% change from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a minimal increase of 3%.

Guideline values in Veeranakunnam

In Veeranakunnam, there are nine streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft. The median value for these streets is Rs 103 per sq.ft, which is the same as the guideline value for Sai Sakthi Garden.

Stamp duty and registration fee for property in Sai Sakthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, while the registration fee at 2% would be Rs 2,060, making the total cost for these fees Rs 9,270. It is essential 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 Sai Sakthi Garden?

The Sai Sakthi Garden area falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To locate your SRO, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Veeranakunnam. It is used to determine the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction adheres to the current guideline value to avoid any discrepancies. This value is updated periodically, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Sai Sakthi Garden?

The current guideline value of Sai Sakthi Garden is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Sai Sakthi Garden?

The land classification for Sai Sakthi Garden is Residential Special Type - I.

Which office handles registrations for Sai Sakthi Garden?

The Madurandakam Sub Registrar Office handles registrations for Sai Sakthi Garden, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sai Sakthi Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 1,03,000, the stamp duty would amount to Rs 7,210.