Guideline Value for SHARMILA DIYA GARDEN

Sharmila Diya Garden guideline value

The current guideline value of Sharmila Diya Garden is Rs 400 per sq.ft. This property is located in Nallur_2 village, under the Redhills Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Sharmila Diya Garden has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in the 2023 revision, marking a significant increase of 49% over the six-year period. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, the only registered figures for Sharmila Diya Garden are from the 2017 and 2023 revisions. The current rate reflects the latest assessment, providing a clear picture of the guideline value progression over the years.

Guideline values in Nallur_2

Currently, there are no specific village figures provided for Nallur_2. Sharmila Diya Garden is the only street mentioned in this context, and there are no other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in Sharmila Diya Garden

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations based on your specific property transaction.

Which Sub Registrar Office covers Sharmila Diya Garden?

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

How the guideline value is used when you buy or sell in Nallur_2

The guideline value plays a crucial role in property transactions in Nallur_2. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with legal requirements and to calculate the costs associated with the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the correct amount is paid to the government, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sharmila Diya Garden?

The current guideline value of Sharmila Diya Garden is Rs 400 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 268 per sq.ft to Rs 400 per sq.ft, which is a rise of 49%.

Are there any guideline values available for the years 2002, 2003, 2007, 2012, and 2024?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2024 for Sharmila Diya Garden.

What is the registration office for Sharmila Diya Garden?

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

How is stamp duty calculated for properties in Sharmila Diya Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 36,000.