Guideline Value for SHREE AKSHARA GARDEN

Shree Akshara Garden guideline value

The current guideline value of Shree Akshara Garden is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Nattarasampattu village under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Shree Akshara Garden has changed

The guideline value for Shree Akshara Garden has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision marked a significant increase to Rs 469 per sq.ft, reflecting a 33% decrease from the 2012 figure. However, from 2017 to 2023, there was a notable increase of 49% back to Rs 700 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 700 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nattarasampattu

In Nattarasampattu, there are 24 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Shree Akshara Garden's 2024 figure above the median.

• Shri Shanmuga Nagar: Rs 350 per sq.ft (2024)
• Sivagasinthamani Nagar: Rs 250 per sq.ft (2024)
• Seva Nagar: Rs 350 per sq.ft (2024)
• Sri Adhitya Avenue: Rs 350 per sq.ft (2024)
• Subamathi Nagar: Rs 350 per sq.ft (2024)
• S.V.P. Estate Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Akshara Garden

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. Please note that 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 Shree Akshara Garden?

The Shree Akshara Garden is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Nattarasampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Shree Akshara Garden?

The current guideline value of Shree Akshara Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, except for a decrease to Rs 469 per sq.ft in 2017. It then returned to Rs 700 per sq.ft in 2023, with no change in 2024.

What are the other streets in Nattarasampattu?

Other streets in Nattarasampattu include Shri Shanmuga Nagar, Sivagasinthamani Nagar, Seva Nagar, Sri Adhitya Avenue, Subamathi Nagar, and S.V.P. Estate Lakshmi Nagar, with guideline values ranging from Rs 250 to Rs 350 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Shree Akshara Garden?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Shree Akshara Garden?

The Gooduvancheri Sub Registrar Office handles the registration for Shree Akshara Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.