Guideline Value for SARATHADEVI GARDEN

Sarathadevi Garden guideline value

The current guideline value of Sarathadevi Garden in Chemmancheri village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Neelankarai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Sarathadevi Garden has changed

The guideline value for Sarathadevi Garden has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure then decreased to Rs 670 per sq.ft in 2017. However, the value rebounded in 2023 to Rs 1,000 per sq.ft, and subsequently increased to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The most significant change occurred between 2017 and 2023, where the value increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, indicating that Sarathadevi Garden's 2024 figure is below this median.

• Sarawathi Garden: Rs 3,300 per sq.ft (2024)
• Sardarpatel Road: Rs 1,700 per sq.ft (2024)
• Sankarraman Garden: Rs 1,100 per sq.ft (2024)
• Savaithiri Garden: Rs 3,300 per sq.ft (2024)
• Saviour Garden: Rs 1,100 per sq.ft (2024)
• Samuel / Surendran Garden: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sarathadevi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarathadevi Garden?

The Sarathadevi Garden falls under 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sarathadevi Garden?

The current guideline value of Sarathadevi Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Sarathadevi Garden?

The Neelankarai Sub Registrar Office covers Sarathadevi Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined for properties in Chemmancheri?

The guideline value is determined based on various factors and is revised periodically. It serves as a basis for calculating stamp duty and registration fees during property transactions.