Guideline Value for SOORYODHAYA GARDEN

Sooryodhaya Garden guideline value

The current guideline value of Sooryodhaya Garden is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Neivelli village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Sooryodhaya Garden has changed

The guideline value for Sooryodhaya Garden has remained consistent at Rs 300 per sq.ft for the revisions in 2023 and 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded changes for this street in those years.

From the 2023 revision to the 2024 revision, there was no change in the guideline value, maintaining the rate at Rs 300 per sq.ft. This stability reflects the lack of fluctuations in the recorded values for Sooryodhaya Garden.

Guideline values in Neivelli

No specific village figures are provided for Neivelli. Sooryodhaya Garden is part of the Neivelli area under the Tiruvallur Joint 1 SRO. There are no other streets in Neivelli listed under this SRO.

Stamp duty and registration fee for property in Sooryodhaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, while the registration fee at 2% would be Rs 6,000. Therefore, the total cost for stamp duty and registration would be Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sooryodhaya Garden?

The Sub Registrar Office that covers Sooryodhaya Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Neivelli. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the assessed value of the property.

When a property is sold, the guideline value is used to ascertain the minimum value for registration purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Sooryodhaya Garden?

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

How has the guideline value changed over the years?

The guideline value for Sooryodhaya Garden has remained at Rs 300 per sq.ft for the revisions in 2023 and 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Sooryodhaya Garden?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Sooryodhaya Garden?

The Tiruvallur Joint 1 Sub Registrar Office covers Sooryodhaya Garden, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is the basis for determining the minimum value for registration, ensuring that the costs are aligned with the assessed value of the property.