Guideline Value for SRI DHANUSHKODI GARDEN

Sri Dhanushkodi Garden guideline value

The current guideline value of Sri Dhanushkodi Garden is Rs 610 per sq.ft, effective from 1 July 2024. This property is located in Vadakal village under the Sriperumpudur SRO, classified as Residential Class I Type - III.

How the guideline value of Sri Dhanushkodi Garden has changed

The guideline value for Sri Dhanushkodi Garden has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. Following this, the 2023 revision maintained the same value of Rs 610 per sq.ft, which continued into the 2024 revision, also at Rs 610 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 52%. However, from 2023 to 2024, there was no change, resulting in an overall increase of 52% from 2017 to 2024.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Sri Dhanushkodi Garden is above this median.

• Sri Aurobindo Vasantham Nature City: Rs 200 per sq.ft (2024)
• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sriperumpudur Chengalpattu Road: Rs 600 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• Sri sathya sai Nagar: Rs 500 per sq.ft (2024)
• Thalaiyari Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Dhanushkodi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 610 per sq.ft, the total guideline value amounts to Rs 6,10,000. The stamp duty at 7% would be Rs 42,700, and the registration fee at 2% would be Rs 12,200, bringing the total fees to Rs 54,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Dhanushkodi Garden?

The Sub Registrar Office that covers Sri Dhanushkodi Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties in a property transaction to understand how the guideline value influences their financial obligations.

Frequently asked questions

What is the current guideline value of Sri Dhanushkodi Garden?

The current guideline value of Sri Dhanushkodi Garden is Rs 610 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 52%, rising from Rs 402 per sq.ft to Rs 610 per sq.ft in 2024.

What is the median guideline value for streets in Vadakal?

The median guideline value for streets in Vadakal is Rs 300 per sq.ft, with Sri Dhanushkodi Garden's value being above this median.

Where can I find the Sub Registrar Office for Sri Dhanushkodi Garden?

The Sub Registrar Office for Sri Dhanushkodi Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,10,000, the stamp duty would be Rs 42,700 at a rate of 7%.