Guideline Value for SAI VISHNU GARDEN

Sai Vishnu Garden guideline value

The current guideline value of Sai Vishnu Garden, located in Devathur village under the Madurandakam SRO, is Rs 111 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Sai Vishnu Garden has changed

In the 2012 revision, the guideline value was set at Rs 110 per sq.ft. This figure saw a decrease to Rs 74 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 111 per sq.ft. The 2023 revision maintained this value, and as of 2024, it remains unchanged at Rs 111 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Devathur

In Devathur, four streets under the Madurandakam SRO have a guideline value for 2024 ranging from Rs 101 to Rs 200 per sq.ft, with a median value of Rs 116 per sq.ft. Sai Vishnu Garden's guideline value of Rs 111 per sq.ft is below this median.

• Sri Sai Ganesh Garden: Rs 101 per sq.ft (2024)
• Kalam Nagar: Rs 120 per sq.ft (2024)
• Gova City: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Vishnu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 111 per sq.ft, the total guideline value amounts to Rs 1,11,000. The stamp duty, charged at 7%, would be Rs 7,770, while the registration fee at 2% would be Rs 2,220. Together, the total cost for these fees would be Rs 9,990. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sai Vishnu Garden?

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

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

The guideline value is a crucial factor in the registration process of property transactions in Devathur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sai Vishnu Garden?

The current guideline value of Sai Vishnu Garden is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 111 per sq.ft from 2023 to 2024. It increased from Rs 74 per sq.ft in 2017, marking a 50% rise, after a drop from Rs 110 per sq.ft in 2012.

What are the other streets in Devathur with their guideline values?

Other streets in Devathur include Sri Sai Ganesh Garden at Rs 101 per sq.ft, Kalam Nagar at Rs 120 per sq.ft, and Gova City at Rs 200 per sq.ft for 2024.

What fees are associated with buying property in Sai Vishnu Garden?

When buying property in Sai Vishnu Garden, the total stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 9,990.

Where can I find the Sub Registrar Office for Sai Vishnu Garden?

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