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 area is located in Sattamangalam village under the Chengleput Joint II SRO and is 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 undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, where the median value is Rs 1,100 per sq.ft. Sri Chandra Surya Gardens' 2024 figure is below this median.

• 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 Ganapathi Nagar Colony: Rs 660 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 440 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: 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, making the total fees together Rs 89,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

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

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

The guideline value plays a crucial role in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the registration department and is regularly revised to reflect changes in the market.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the latest values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Chandra Surya Gardens?

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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for Sri Chandra Surya Gardens?

The Chengleput Joint II Sub Registrar Office handles registrations for Sri Chandra Surya Gardens (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sri Chandra Surya Gardens?

Sri Chandra Surya Gardens is classified as Residential Class I Type - II under the Chengleput Joint II SRO.