Guideline Value for SHOBA EVERGREENS

Shoba Evergreens guideline value

The current guideline value of Shoba Evergreens is Rs 1,870 per sq.ft, effective from 1 July 2024. This property is located in Nandambakkam village under the Padappai SRO and is classified as Residential Special Type - II.

How the guideline value of Shoba Evergreens has changed

The guideline value for Shoba Evergreens has seen several revisions over the years. In 2012, the value was Rs 1,700 per sq.ft. This figure remained until the next revision in 2017, where it dropped to Rs 1,139 per sq.ft. Following this, the 2023 revision set the value at Rs 1,700 per sq.ft again, and the most recent 2024 revision increased it to Rs 1,870 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 shows a 10% increase in the guideline value.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Shoba Evergreens is above this median.

• Singai Prakash Garden: Rs 990 per sq.ft (2024)
• Senthil Garden Extension: Rs 1,320 per sq.ft (2024)
• Senthil Garden: Rs 990 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 440 per sq.ft (2024)
• SKS Avenue: Rs 990 per sq.ft (2024)
• Sri Arunachala Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Shoba Evergreens

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to Rs 1,68,300. 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 information.

Which Sub Registrar Office covers Shoba Evergreens?

The Sub Registrar Office that covers Shoba Evergreens 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 details.

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

The guideline value is a crucial factor during property transactions in Nandambakkam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, it's essential to be aware of the current guideline value, as it directly impacts the costs associated with the registration process. Buyers should ensure that they are informed about the latest revisions to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value of Shoba Evergreens?

The current guideline value of Shoba Evergreens is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What is the land classification of Shoba Evergreens?

Shoba Evergreens is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the registration fees for property in Shoba Evergreens?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Where is the Sub Registrar Office for Shoba Evergreens located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone, and it covers Shoba Evergreens.