Guideline Value for SAI SERVESHWARA GARDEN

Sai Serveshwara Garden guideline value

The current guideline value of Sai Serveshwara Garden, located in Sirunallur village under the Madurandakam SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sai Serveshwara Garden has changed

In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 167 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 250 per sq.ft. The 2024 revision has maintained the guideline value at Rs 250 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has shown no change.

Guideline values in Sirunallur

In Sirunallur village, there are 16 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 175 per sq.ft, placing Sai Serveshwara Garden's 2024 figure above this median.

• Ram Nagar: Rs 250 per sq.ft (2024)
• Shakthi Nagar: Rs 102 per sq.ft (2024)
• Sma Nagar Part-II: Rs 100 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 200 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 102 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, making the total fees together Rs 22,500. 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 Sai Serveshwara Garden?

The Sai Serveshwara Garden area is covered by 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 details.

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

The guideline value is a crucial factor when registering property transactions in Sirunallur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value must be considered as it influences the overall cost of the transaction. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact their financial planning.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then increased to Rs 250 per sq.ft in 2023, and remains at Rs 250 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sai Serveshwara Garden?

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

What is the land classification for Sai Serveshwara Garden?

The land classification for Sai Serveshwara Garden is Commercial Class I Type - I, which is important for understanding the potential uses of the property.