Guideline Value for SAI SERVESHWARA GARDEN

Sai Serveshwara Garden guideline value

The current guideline value of Sai Serveshwara Garden, located in Kendiracherry village, is Rs 250 per sq.ft. This value is effective from the 2024 revision, which falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sai Serveshwara Garden has changed

Looking at the historical revisions, the guideline value for Sai Serveshwara Garden has seen several changes over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% increase from the previous revision. However, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2012 to 2024, the overall change has been 0%. The most recent revision in 2024 has maintained the value at Rs 250 per sq.ft, indicating stability in the guideline value over the last few years.

Guideline values in Kendiracherry

In Kendiracherry, there are 17 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with the median being Rs 100 per sq.ft. Sai Serveshwara Garden's 2024 figure of Rs 250 per sq.ft is above this median, indicating a higher valuation compared to other streets in the village.

• Ram Nagar Extn: Rs 100 per sq.ft (2024)
• Ram Nagar: Rs 100 per sq.ft (2024)
• Prince Park: Rs 100 per sq.ft (2024)
• Prakash Park: Rs 100 per sq.ft (2024)
• Vgp Viaan City: Rs 300 per sq.ft (2024)
• Lake View: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Serveshwara Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total charges to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Serveshwara Garden?

The Sub Registrar Office that covers Sai Serveshwara Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Kendiracherry. It helps determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When you register a property, the guideline value serves as a benchmark for calculating the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the government collects the appropriate fees based on the property's valuation.

Frequently asked questions

What is the current guideline value of Sai Serveshwara Garden?

The current guideline value of Sai Serveshwara Garden is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained Rs 250 per sq.ft since the 2012 revision, with a notable increase to Rs 167 per sq.ft in 2017 and then maintaining Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Sai Serveshwara Garden?

The land classification for Sai Serveshwara Garden is Residential Special Type - I, indicating its designated use within the area.

What are the stamp duty and registration fees for property in Sai Serveshwara Garden?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would amount to Rs 22,500.

Where is the Sub Registrar Office for Sai Serveshwara Garden located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone, which covers Sai Serveshwara Garden.