Guideline Value for SINDHURI GARDEN

Sindhuri Garden guideline value

The current guideline value of Sindhuri Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Enjambakkam village under the Neelankarai SRO and is classified as Residential Class I Type - II.

How the guideline value of Sindhuri Garden has changed

Since the 2007 revision, the guideline value of Sindhuri Garden has seen significant changes. In 2007, the guideline value was Rs 949 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 216% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 248%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets listed under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, and Sindhuri Garden's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Shree Chaitanya: Rs 3,300 per sq.ft (2024)
• Shaman Coast: Rs 4,500 per sq.ft (2024)
• Shalimar Garden Road: Rs 2,800 per sq.ft (2024)
• Somasudaram Road: Rs 2,800 per sq.ft (2024)
• Somasudaram Street: Rs 2,800 per sq.ft (2024)
• Seshadri Avenue: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhuri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Sindhuri Garden?

The Sub Registrar Office that covers Sindhuri Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price and the guideline value are compared, and the higher of the two is used to determine 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 Sindhuri Garden?

The current guideline value of Sindhuri Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 949 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 248% over the years.

What is the land classification for Sindhuri Garden?

Sindhuri Garden is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Sindhuri Garden?

The Sub Registrar Office covering Sindhuri Garden is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.