Guideline Value

Corporate

Guideline Value for SERENITY GARDEN

₹250/sq.ft.

The guideline value for Serenity Garden in Sathamai village (Madurandakam SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sathamai

Village

Madurandakam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Serenity Garden guideline value

The current guideline value of Serenity Garden, located in Sathamai village under the Madurandakam SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Serenity Garden has changed

Looking at the revisions, the guideline value for Serenity Garden was Rs 250 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 167 per sq.ft, reflecting a 50% increase over the six-year period. The 2012 revision also recorded a value of Rs 250 per sq.ft, indicating a decrease of 33% from the 2012 figure to the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 250 per sq.ft. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Sathamai

In Sathamai village, there are 7 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is equal to the current figure for Serenity Garden.

Stamp duty and registration fee for property in Serenity Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost of stamp duty and registration fees Rs 22,500. 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 Serenity Garden?

The Sub Registrar Office that covers Serenity Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Sathamai. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

When buying or selling property, the guideline value helps to determine the official value of the property for legal purposes. This is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Serenity Garden?

The current guideline value of Serenity Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Serenity Garden has seen various changes, with the most recent being Rs 250 per sq.ft in both the 2023 and 2024 revisions. The value was Rs 167 per sq.ft in 2017 and Rs 250 per sq.ft in 2012.

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

In addition to Serenity Garden, other streets in Sathamai include Subam Nagar, Udhayam Nagar, Vallalar Nagar, Vallalar Nagar Extension, Madura Nagar Phase-I, and Madura Nagar, with values ranging from Rs 175 to Rs 500 per sq.ft.

Where is the Madurandakam Sub Registrar Office located?

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

How is stamp duty calculated for properties in Serenity Garden?

Stamp duty for properties in Serenity Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.