Guideline Value for SRI SARAVANA GARDEN

Sri Saravana Garden guideline value

The current guideline value of Sri Saravana Garden in Bearathur village is Rs 100 per sq.ft as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - II.

How the guideline value of Sri Saravana Garden has changed

In the 2002 revision, the register has no figure for this street. This is also true for the years 2003, 2007, 2012, and 2017, where no figures are provided for Sri Saravana Garden. The most recent revision in 2023 shows the guideline value at Rs 100 per sq.ft.

Since the 2023 revision is the only one that provides a figure, there have been no changes in the guideline value for this street across the mentioned revisions.

Guideline values in Bearathur

Currently, there are no specific village figures available for Bearathur. Sri Saravana Garden is part of this locality, and there are no other streets in Bearathur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Saravana Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Saravana Garden?

The Sri Saravana Garden area is covered by 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 Bearathur

The guideline value is a crucial factor in the registration of property transactions in Bearathur. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating 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 Sri Saravana Garden?

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

What is the land classification for Sri Saravana Garden?

Sri Saravana Garden is classified as Residential Class III Type - II, indicating its designation for residential use.

Have there been any changes in the guideline value for Sri Saravana Garden?

There have been no changes in the guideline value for Sri Saravana Garden across the revisions from 2002 to 2023, with the only figure available being Rs 100 per sq.ft from the 2023 revision.

Where is the Tiruvallur Joint 1 SRO located?

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

How is stamp duty calculated for properties in Sri Saravana Garden?

Stamp duty for properties in Sri Saravana Garden is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.