Guideline Value for SRI RAGHAVENDRA GARDEN

Sri Raghavendra Garden guideline value

The current guideline value of Sri Raghavendra Garden is Rs 400 per sq.ft. This area is located in Melakondaiyar village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Raghavendra Garden has changed

In the 2023 revision, the guideline value for Sri Raghavendra Garden was set at Rs 400 per sq.ft. The register does not provide figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

There have been no changes in the guideline value between the revisions. The only available figure is from the 2023 revision, which is Rs 400 per sq.ft.

Guideline values in Melakondaiyar

Currently, there are no specific village figures provided for Melakondaiyar. Sri Raghavendra Garden is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Raghavendra Garden

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making a total of Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Raghavendra Garden?

The Sri Raghavendra Garden area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, in the Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Sri Raghavendra Garden. It serves as a benchmark for the minimum value on which these fees are calculated.

When a property transaction occurs, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate fees based on the property's value as assessed by the guideline value register.

Frequently asked questions

What is the current guideline value of Sri Raghavendra Garden?

The current guideline value of Sri Raghavendra Garden is Rs 400 per sq.ft, as per the 2023 revision.

What land classification does Sri Raghavendra Garden fall under?

Sri Raghavendra Garden is classified as Residential Special Type - I, indicating its designated use for residential purposes.

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

Stamp duty for properties in Sri Raghavendra Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What revisions are available in the guideline value register for Sri Raghavendra Garden?

The only available revision for Sri Raghavendra Garden is from 2023, which shows a guideline value of Rs 400 per sq.ft. The register does not contain figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

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

The Sub Registrar Office covering Sri Raghavendra Garden is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information by visiting the appropriate link.