Guideline Value for SRI AKSAYA GARDEN

Sri Aksaya Garden guideline value

The current guideline value of Sri Aksaya Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sri Aksaya Garden has changed

According to the guideline value register, there are no figures available for Sri Aksaya Garden for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 400 per sq.ft, which remained unchanged in the 2024 revision, also set at Rs 400 per sq.ft. Thus, the change from 2023 to 2024 is +0%.

Both the 2023 and 2024 revisions indicate a consistent guideline value of Rs 400 per sq.ft, aligning with the median value for the 33 streets in Uthukadu-B. This consistency suggests stability in the valuation for this street over the recent years.

Guideline values in Uthukadu-B

In Uthukadu-B, the guideline values for the 33 streets under the Walajabad SRO range from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Aksaya Garden matches this median. Below are the guideline values for other streets in Uthukadu-B:

• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aksaya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees together Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Aksaya Garden?

The Sub Registrar Office covering Sri Aksaya Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a crucial factor when buying or selling property in Uthukadu-B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal and taxation purposes.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Aksaya Garden?

The current guideline value of Sri Aksaya Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions.

What are the guideline values for other streets in Uthukadu-B?

Other streets in Uthukadu-B have varying guideline values, with rates ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is also the value for Sri Aksaya Garden.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sri Aksaya Garden?

The Walajabad Sub Registrar Office is responsible for property registration in Sri Aksaya Garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.