Guideline Value for SHREE SAKTHI GARDEN

Shree Sakthi Garden guideline value

The current guideline value of Shree Sakthi Garden is Rs 800 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village under the Chengleput Joint II SRO, classified as Mixed Special Type - I.

How the guideline value of Shree Sakthi Garden has changed

The guideline value for Shree Sakthi Garden has undergone several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 536 per sq.ft. This figure increased to Rs 800 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 800 per sq.ft. This stability indicates that the value has held steady despite the previous increase from 2017 to 2023.

Guideline values in Athur B Block

Athur B Block features 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing Shree Sakthi Garden's 2024 figure above this median.

• Shirdi Avenue: Rs 1,000 per sq.ft (2024)
• Seshathri Nagar: Rs 700 per sq.ft (2024)
• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Sakthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shree Sakthi Garden?

The Sub Registrar Office covering Shree Sakthi Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a crucial factor during the registration of property transactions in Athur B Block. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with 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 from property transactions.

Frequently asked questions

What is the current guideline value of Shree Sakthi Garden?

The current guideline value of Shree Sakthi Garden is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2023, with a significant increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2024.

What are the other streets in Athur B Block?

Other streets in Athur B Block include Shirdi Avenue, Seshathri Nagar, Sree Mallinathan Nagar, Sree Sai Krishnanagar, Sri Adhinath Residency Phase -I, and Sri Adhinath Residency Phase -II, each with varying guideline values.

What is the stamp duty rate for properties in Shree Sakthi Garden?

The stamp duty rate for properties in Shree Sakthi Garden is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Shree Sakthi Garden?

The Chengleput Joint II Sub Registrar Office handles property registrations for Shree Sakthi Garden, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.