Guideline Value for SATHYA SURIYA GARDEN (WARD -7)

Sathya Suriya Garden (Ward -7) guideline value

The current guideline value for Sathya Suriya Garden (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Sathya Suriya Garden (Ward -7) has changed

The guideline value for Sathya Suriya Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. This was a decrease of 33%. However, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sathya Suriya Garden's 2024 guideline value is above this median.

• Sattamangalam Perumal Koil St (Ward -15): Rs 550 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 550 per sq.ft (2024)
• Sattamangalam (Ward -15): Rs 550 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 661 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 661 per sq.ft (2024)
• School Street (Ward -15): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sathya Suriya Garden (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, these fees would total Rs 1,18,800. It is important to note that 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 Sathya Suriya Garden (Ward -7)?

The Sub Registrar Office that covers Sathya Suriya Garden (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are proportionate to the property's value.

During the registration process, the guideline value ensures transparency and fairness in property transactions. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Sathya Suriya Garden (Ward -7)?

The current guideline value of Sathya Suriya Garden (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification of Sathya Suriya Garden?

Sathya Suriya Garden is classified as Residential Special Type - V under the Chengleput Joint II SRO.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Where can I find the Sub Registrar Office for Sathya Suriya Garden?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.