Guideline Value for SRI GANESH GARDEN

Sri Ganesh Garden guideline value

The current guideline value of Sri Ganesh Garden is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Vallur village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Ganesh Garden has changed

The guideline value of Sri Ganesh Garden has seen significant changes over the years. The earliest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median value for these streets is Rs 220 per sq.ft, which is equal to the 2024 figure for Sri Ganesh Garden.

• Sri Lakshmi Avenue: Rs 550 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 550 per sq.ft (2024)
• Sri Balaji Nagar: Rs 220 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 220 per sq.ft (2024)
• Sri Malli Nagar: Rs 220 per sq.ft (2024)
• Sri Sakthi Sairam Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total cost for these fees Rs 19,800. 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 details.

Which Sub Registrar Office covers Sri Ganesh Garden?

Sri Ganesh Garden is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Vallur. It serves as a benchmark for calculating the applicable stamp duty and registration fees, which are essential for legal ownership transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing under-reporting of property prices. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Ganesh Garden?

The current guideline value of Sri Ganesh Garden is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Vallur and their guideline values?

Other streets in Vallur include Sri Lakshmi Avenue and Sri Lakshmi Nagar at Rs 550 per sq.ft, and several streets like Sri Balaji Nagar, Sri Mahalakshmi Nagar, Sri Malli Nagar, and Sri Sakthi Sairam Nagar at Rs 220 per sq.ft.

How is stamp duty calculated in Sri Ganesh Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 2,20,000, the stamp duty would be Rs 15,400.

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

The Thiruvottiyur Sub Registrar Office covers Sri Ganesh Garden, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.