Guideline Value for SRI CHANDRA SURYA GARDENS (WARD -15)

Sri Chandra Surya Gardens (Ward -15) guideline value

The current guideline value of Sri Chandra Surya Gardens (Ward -15) is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Panangottur village, under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Chandra Surya Gardens (Ward -15) has changed

The guideline value for Sri Chandra Surya Gardens has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 603 per sq.ft. The following revision in 2023 increased the value significantly to Rs 900 per sq.ft, and the latest revision in 2024 raised it further to Rs 990 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the most notable change was from 2017 to 2023, which saw a 49% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the guideline value of Sri Chandra Surya Gardens.

• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 660 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Ganapathy Nagar Colony Extn - V: Rs 660 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chandra Surya Gardens (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Chandra Surya Gardens (Ward -15)?

The Sub Registrar Office covering Sri Chandra Surya Gardens (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Panangottur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Chandra Surya Gardens (Ward -15)?

The current guideline value of Sri Chandra Surya Gardens (Ward -15) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Sri Chandra Surya Gardens?

Sri Chandra Surya Gardens is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Chandra Surya Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7%.