Guideline Value for SRI SAI AANAND GARDEN

Sri Sai Aanand Garden guideline value

The current guideline value of Sri Sai Aanand Garden is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Chinnakavanam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Sai Aanand Garden has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, we can start with the 2023 revision, which set the guideline value at Rs 200 per sq.ft. The most recent revision in 2024 increased this value to Rs 300 per sq.ft, marking a significant change of +50% from the previous year.

The 2024 revision aligns with the median guideline value of Rs 300 per sq.ft for the 28 streets in Chinnakavanam under the Ponneri SRO. This indicates that Sri Sai Aanand Garden's guideline value is consistent with the broader market in the village.

Guideline values in Chinnakavanam

In Chinnakavanam, the guideline values for the 2024 revision range from Rs 300 to Rs 400 per sq.ft, with a median of Rs 300 per sq.ft. Sri Sai Aanand Garden's guideline value is equal to this median. The following are other streets in Chinnakavanam:

• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sudukadu Chellum Pathai: Rs 300 per sq.ft (2024)
• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)
• Thalleri Palayam Street: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 300 per sq.ft (2024)
• Sivan Kovil Madaveethi: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Aanand Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Aanand Garden?

The Sri Sai Aanand Garden is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chinnakavanam, as it determines the minimum price at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Aanand Garden?

The current guideline value of Sri Sai Aanand Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, reflecting a +50% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in Sri Sai Aanand Garden?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Sai Aanand Garden?

The Ponneri Sub Registrar Office handles property registrations for Sri Sai Aanand Garden. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Sri Sai Aanand Garden?

Sri Sai Aanand Garden is classified as Residential Class II Type - I. This classification is important for understanding the type of development allowed in the area.