Guideline Value for SHEER GARDEN

Sheer Garden guideline value

The current guideline value of Sheer Garden in Perunthandalam village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sheer Garden has changed

The guideline value for Sheer Garden has remained consistent at Rs 200 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

Thus, the only recorded figures for Sheer Garden are from the 2023 and 2024 revisions, both standing at Rs 200 per sq.ft, indicating no change in value over the year.

Guideline values in Perunthandalam

In Perunthandalam, there are eight streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,350 per sq.ft, with a median value of Rs 374 per sq.ft. The guideline value for Sheer Garden is below this median.

• Pcr Avenue: Rs 300 per sq.ft (2024)
• New Golden City: Rs 200 per sq.ft (2024)
• Vijay Raja's Exurb: Rs 448 per sq.ft (2024)
• Karpagammal Nagar: Rs 200 per sq.ft (2024)
• Divine Meadows: Rs 500 per sq.ft (2024)
• Doctors Pcr Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sheer Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. 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 detailed calculations.

Which Sub Registrar Office covers Sheer Garden?

Sheer Garden is covered by 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 information.

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

When buying or selling property in Perunthandalam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and is used to assess the value of the property for taxation purposes.

It is essential to be aware that the guideline value may differ from the actual sale price, and the stamp duty is charged based on the higher of the two. Therefore, understanding the guideline value helps in budgeting for the total costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Sheer Garden?

The current guideline value of Sheer Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sheer Garden has remained at Rs 200 per sq.ft since the 2023 revision, with no changes recorded in previous revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Sheer Garden?

Sheer Garden is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for Sheer Garden?

For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Sheer Garden located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.