Guideline Value for SHRI SAI GARDEN ANNEX

Shri Sai Garden Annex guideline value

The current guideline value of Shri Sai Garden Annex is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Polivakkam village under the Manavalanagar SRO, classified as Residential Class II Type - III.

How the guideline value of Shri Sai Garden Annex has changed

According to the register, the guideline value for Shri Sai Garden Annex has been consistent at Rs 550 per sq.ft for both the 2023 and 2024 revisions. The previous revisions from 2017, 2012, 2007, 2003, and 2002 do not have any figures recorded for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 550 per sq.ft. This stability indicates that the value has not fluctuated within this timeframe.

Guideline values in Polivakkam

In Polivakkam, there are 80 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 350 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Shri Sai Garden Annex above the median.

• Sri Ponniamman Nagar: Rs 550 per sq.ft (2024)
• P.G.S.Garden: Rs 500 per sq.ft (2024)
• Hariprasad Nagar Extension: Rs 670 per sq.ft (2024)
• Hari Prasad Nagar: Rs 1,000 per sq.ft (2024)
• Gold Green Co-Operative Nagar: Rs 450 per sq.ft (2024)
• Anugriha City: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Sai Garden Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees together Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shri Sai Garden Annex?

The Sub Registrar Office that covers Shri Sai Garden Annex is the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Polivakkam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value, as it directly affects the overall costs involved in the transaction. Ensuring that you are informed about the current guideline value will help you in planning your finances accordingly.

Frequently asked questions

What is the current guideline value of Shri Sai Garden Annex?

The current guideline value of Shri Sai Garden Annex is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 550 per sq.ft for the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Shri Sai Garden Annex?

Shri Sai Garden Annex is classified as Residential Class II Type - III, which indicates its zoning for residential purposes.

What are the stamp duty and registration fees for property in Shri Sai Garden Annex?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 49,500.

Where is the Sub Registrar Office for Shri Sai Garden Annex located?

The Sub Registrar Office for Shri Sai Garden Annex is located at Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.