Guideline Value for SHENAHA GARDEN

Shenaha Garden guideline value

The current guideline value of Shenaha Garden is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village under the Chengleput Joint II SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Shenaha Garden has changed

Over the years, the guideline value of Shenaha Garden has seen several revisions. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This remained unchanged in the subsequent revision in 2017, where the value dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 600 per sq.ft. The 2024 revision has also maintained this value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Shenaha Garden in the register. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 600 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median value among these streets is Rs 600 per sq.ft, which is equal to the guideline value of Shenaha Garden.

• Sree Selva Ganapathy Nagar: Rs 600 per sq.ft (2024)
• Sath Guru Garden (Avenue): Rs 600 per sq.ft (2024)
• Sare Realty Project Namely Meadowville: Rs 600 per sq.ft (2024)
• Sri Dhivakar Nagar: Rs 600 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 600 per sq.ft (2024)
• Sri Narsimman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Shenaha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shenaha Garden?

Shenaha Garden falls under 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 Kolathur

The guideline value is a critical factor during the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid based on the property’s value.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Shenaha Garden?

The current guideline value of Shenaha Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 600 per sq.ft since 2012, with a notable drop to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Shenaha Garden?

Shenaha Garden is classified as Residential Special Type - I under the land classification system.

Where can I find the Chengleput Joint II SRO?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.