Guideline Value for SALAMON GARDEN

Salamon Garden guideline value

The current guideline value of Salamon Garden is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class V Type - II.

How the guideline value of Salamon Garden has changed

The guideline value for Salamon Garden has seen several revisions over the years. In the 2012 revision, the value was set at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 99% to reach Rs 1,000 per sq.ft. The 2024 revision maintained this value at Rs 1,000 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 33%.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making the guideline value of Salamon Garden below this median.

• Salammal Garden: Rs 1,100 per sq.ft (2024)
• Samuel / Surendran Garden: Rs 1,000 per sq.ft (2024)
• Sakthi Nagar: Rs 1,700 per sq.ft (2024)
• Sankarraman Garden: Rs 1,100 per sq.ft (2024)
• Sarathadevi Garden: Rs 1,100 per sq.ft (2024)
• Sarawathi Garden: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Salamon Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Salamon Garden?

The Sub Registrar Office that covers Salamon Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chemmancheri. It determines the stamp duty and registration fees applicable, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Salamon Garden?

The current guideline value of Salamon Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and remained the same in 2024.

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

Other streets in Chemmancheri include Salammal Garden at Rs 1,100 per sq.ft, Samuel / Surendran Garden at Rs 1,000 per sq.ft, and Sakthi Nagar at Rs 1,700 per sq.ft, among others.

What is the stamp duty for property in Salamon Garden?

The stamp duty for property in Salamon Garden is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 70,000.

Which office should I contact for registration in Salamon Garden?

The Neelankarai Sub Registrar Office is responsible for registrations in Salamon Garden. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.