Guideline Value for SAI SHANTHI GARDEN

Sai Shanthi Garden guideline value

The current guideline value of Sai Shanthi Garden, located in Paruthipattu village under the Avadi SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - III.

How the guideline value of Sai Shanthi Garden has changed

The guideline value for Sai Shanthi Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This figure increased to Rs 1,507 per sq.ft in the 2023 revision, marking an increase of 87%. The latest revision in 2024 set the value at Rs 1,600 per sq.ft, reflecting a 6% rise from 2023. Overall, from 2017 to 2024, the guideline value has increased by 99%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing Sai Shanthi Garden's current value below this median.

• Sai Shanthi Garden Phase II: Rs 3,250 per sq.ft (2024)
• Sakthi Nagar: Rs 950 per sq.ft (2024)
• Sankar Nagar: Rs 1,625 per sq.ft (2024)
• Sankar Nagar & Sankarar Nagar: Rs 1,625 per sq.ft (2024)
• Sanmathi Avenue: Rs 1,625 per sq.ft (2024)
• River Bank St: Rs 801 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Shanthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 Shanthi Garden?

The Sub Registrar Office covering Sai Shanthi Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is crucial for potential buyers and sellers to be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sai Shanthi Garden?

The current guideline value of Sai Shanthi Garden is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,507 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in 2024, marking a total increase of 99% from 2017 to 2024.

What are the guideline values of other streets in Paruthipattu?

Other streets in Paruthipattu have varying guideline values, ranging from Rs 801 to Rs 4,730 per sq.ft. Sai Shanthi Garden's value is below the median of Rs 1,625 per sq.ft.

What is the stamp duty rate for properties in Sai Shanthi Garden?

The stamp duty rate for properties in Sai Shanthi Garden is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Sai Shanthi Garden is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.