Guideline Value for SREEVARI GARDENS ANNEX

Sreevari Gardens Annex guideline value

The current guideline value of Sreevari Gardens Annex is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sreevari Gardens Annex has changed

The guideline value for Sreevari Gardens Annex has been consistent at Rs 1,650 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, maintaining the rate at Rs 1,650 per sq.ft. The previous revisions do not provide any figures for this street, confirming the stability in the recent years.

Guideline values in Thirumazhisai

In Thirumazhisai, 86 streets under the Poonamallee SRO have a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median of Rs 1,320 per sq.ft. Sreevari Gardens Annex's 2024 figure of Rs 1,650 per sq.ft is above this median.

• Sreevari Nagar Annex: Rs 990 per sq.ft (2024)
• Sreevari Nagar Phase I Annex II: Rs 1,210 per sq.ft (2024)
• Sreevari Nagar Phase - I Annex - III: Rs 1,650 per sq.ft (2024)
• Sreevari Nagar Phase - II: Rs 990 per sq.ft (2024)
• S.M. Nagar: Rs 1,320 per sq.ft (2024)
• Srinivasa nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sreevari Gardens Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sreevari Gardens Annex?

The Sreevari Gardens Annex falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

When buying or selling property in Thirumazhisai, the guideline value is crucial for determining the stamp duty and registration fees. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

The guideline value is used to assess the applicable taxes during the registration process. Buyers and sellers must consider this value to understand the financial implications of their property transactions in Thirumazhisai.

Frequently asked questions

What is the current guideline value of Sreevari Gardens Annex?

The current guideline value of Sreevari Gardens Annex is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,650 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sreevari Gardens Annex?

Sreevari Gardens Annex is classified as Residential Class III Type - II, which is relevant for understanding its usage and potential development.

What are the other streets in Thirumazhisai?

Other streets in Thirumazhisai include Sreevari Nagar Annex, Sreevari Nagar Phase I Annex II, Sreevari Nagar Phase - I Annex - III, Sreevari Nagar Phase - II, S.M. Nagar, and Srinivasa nagar, each with their respective guideline values.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles the registration of properties in the area.