Guideline Value for SHIVA GARDEN

Shiva Garden guideline value

The current guideline value of Shiva Garden is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam A village under the Padappai SRO, classified as Residential Class I Type - I.

How the guideline value of Shiva Garden has changed

The guideline value of Shiva Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. As of the 2024 revision, the guideline value stands at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for this area is Rs 880 per sq.ft, which is the same as the current value for Shiva Garden.

• Sham Avenue: Rs 880 per sq.ft (2024)
• Siyan Nagar: Rs 770 per sq.ft (2024)
• Sri Ambal Nagar: Rs 880 per sq.ft (2024)
• Sri Aravindhar City: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar Extension: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Shiva Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty, calculated at 7%, would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shiva Garden?

The Sub Registrar Office that covers Shiva Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Manimangalam A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Shiva Garden?

The current guideline value of Shiva Garden is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What are the stamp duty and registration fees for property in Shiva Garden?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Shiva Garden?

The Padappai Sub Registrar Office handles registrations for Shiva Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Manimangalam A?

The median guideline value for streets in Manimangalam A is Rs 880 per sq.ft, which is the same as the current value for Shiva Garden.