Guideline Value for SOUNDARI GARDEN

Soundari Garden guideline value

The current guideline value of Soundari Garden is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Soundari Garden has changed

The guideline value for Soundari Garden has seen several revisions over the years. In 2017, the guideline value was Rs 938 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-A

In Kunrathour-A, there are 45 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,210 to Rs 5,123 per sq.ft. The median guideline value for these streets is Rs 1,760 per sq.ft, making the current value of Soundari Garden below that median.

• Sri Chakra Nagar: Rs 2,860 per sq.ft (2024)
• Sri Sakthi Amman Nagar Extension: Rs 3,025 per sq.ft (2024)
• Sri Vijayalakshmi Garden @ Temple City: Rs 2,160 per sq.ft (2024)
• Subramanyapuram: Rs 1,800 per sq.ft (2024)
• Sulochana Nagar: Rs 1,760 per sq.ft (2024)
• Temple View Garden: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Soundari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total charges Rs 1,38,600. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Soundari Garden?

The Sub Registrar Office that covers Soundari Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-A

The guideline value is a crucial factor in property transactions in Kunrathour-A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction price. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Soundari Garden?

The current guideline value of Soundari Garden is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the registration office for Soundari Garden?

The registration office for Soundari Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

For a 1,000 sq.ft plot valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

What is the land classification of Soundari Garden?

Soundari Garden is classified as Residential Special Type - I, which is relevant for determining its guideline value and usage.