Guideline Value for SRI MARGADARSHAN VATIKA

Sri Margadarshan Vatika guideline value

The current guideline value of Sri Margadarshan Vatika is Rs 1,493 per sq.ft. This property is located in Athur B Block village, under the Chengleput Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Margadarshan Vatika has changed

The guideline value for Sri Margadarshan Vatika has remained consistent at Rs 1,493 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

In the recent 2024 revision, the guideline value was again set at Rs 1,493 per sq.ft, showing no change from the previous year. This reflects a stable valuation for the property in this area.

Guideline values in Athur B Block

Athur B Block contains 79 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, placing Sri Margadarshan Vatika's 2024 figure above this median.

• Sri Ramakrishna Nagar: Rs 600 per sq.ft (2024)
• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)
• Sri Sai Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sri Ajith Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Margadarshan Vatika

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value amounts to Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total cost together to Rs 1,34,370. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Margadarshan Vatika?

The Sub Registrar Office that covers Sri Margadarshan Vatika 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 Athur B Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur B Block. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Margadarshan Vatika?

The current guideline value of Sri Margadarshan Vatika is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Margadarshan Vatika has remained at Rs 1,493 per sq.ft since the 2023 revision, with no figures available for revisions from 2017 to 2002.

What are the guideline values of other streets in Athur B Block?

Other streets in Athur B Block have varying guideline values, with rates ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for the area is Rs 700 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate incurs a total of Rs 1,34,370 in fees.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the SRO locator.