Guideline Value for SR GARDEN

Sr Garden guideline value

The current guideline value of Sr Garden, located in Melanoor village under the Tiruvallur Joint 1 SRO, is Rs 100 per sq.ft as per the 2023 revision. The land classification for this area is Residential Class V Type - III.

How the guideline value of Sr Garden has changed

In the 2012 revision, the guideline value was set at Rs 80 per sq.ft. This saw a decline to Rs 54 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 100 per sq.ft, reflecting an increase of 85%. Overall, from 2012 to 2023, the guideline value has risen by 25%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melanoor

Currently, there are no specific village figures available for Melanoor. Sr Garden is situated within this locality, and there are no other streets in Melanoor listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sr Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to remember that the 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 accurate calculations.

Which Sub Registrar Office covers Sr Garden?

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

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

When buying or selling property in Melanoor, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are compliant with local regulations.

The guideline value serves as a baseline for property transactions, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sr Garden?

The current guideline value of Sr Garden is Rs 100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2012 to Rs 54 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023.

What is the land classification for Sr Garden?

Sr Garden is classified under Residential Class V Type - III.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Which office handles the registration for Sr Garden?

The registration for Sr Garden is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.