Guideline Value for SHARMILA DIYA GARDEN

Sharmila Diya Garden guideline value

The current guideline value of Sharmila Diya Garden is Rs 440 per sq.ft, effective from 1 July 2024. This property is located in Nallur village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sharmila Diya Garden has changed

The guideline value for Sharmila Diya Garden has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in 2017. Following this, the value significantly increased to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nallur

In Nallur village, there are 39 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,650 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Sharmila Diya Garden's 2024 figure below that median.

• Selva Vinayagar Koil 2nd Cross Street: Rs 770 per sq.ft (2024)
• Selva Vinayagar Koil 1st Cross Street: Rs 770 per sq.ft (2024)
• School Street: Rs 770 per sq.ft (2024)
• Sri Anandavalli Street: Rs 770 per sq.ft (2024)
• P.W.D. Bangalamedu 4th Street: Rs 550 per sq.ft (2024)
• P.W.D. Bangalamedu 3rd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sharmila Diya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sharmila Diya Garden?

The Sub Registrar Office that covers Sharmila Diya Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

When buying or selling property in Nallur, the guideline value is a critical factor as it determines the stamp duty and registration fees applicable during the transaction. This value is set by the government and reflects the minimum price at which properties in the area are registered.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. The guideline value is used to calculate the total costs associated with registration, which can significantly impact the overall expenses involved in the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Sharmila Diya Garden?

The current guideline value of Sharmila Diya Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Nallur?

The median guideline value in Nallur for 2024 is Rs 550 per sq.ft, which is higher than the current value of Sharmila Diya Garden.

What are the stamp duty and registration fees for Sharmila Diya Garden?

The stamp duty for a 1,000 sq.ft plot at the guideline value of Rs 440 per sq.ft is Rs 30,800, and the registration fee is Rs 8,800, totaling Rs 39,600.

Which office handles registrations for Sharmila Diya Garden?

The Redhills Sub Registrar Office handles registrations for Sharmila Diya Garden, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.