Guideline Value for SRI SAI GANESH GARDEN

Sri Sai Ganesh Garden guideline value

The current guideline value of Sri Sai Ganesh Garden in Devathur village is Rs 101 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Madurandakam Sub Registrar Office and is classified as Mixed Type - I land.

How the guideline value of Sri Sai Ganesh Garden has changed

The guideline value for Sri Sai Ganesh Garden has undergone several revisions over the years. The 2012 revision recorded a value of Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased to Rs 100 per sq.ft in the 2023 revision, and currently stands at Rs 101 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Devathur

In Devathur, there are four streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 200 per sq.ft, with a median value of Rs 116 per sq.ft. Sri Sai Ganesh Garden's 2024 guideline value is below this median.

• Sai Vishnu Garden: Rs 111 per sq.ft (2024)
• Kalam Nagar: Rs 120 per sq.ft (2024)
• Gova City: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value amounts to Rs 1,01,000. The stamp duty is charged at 7%, which totals Rs 7,070, while the registration fee is charged at 2%, amounting to Rs 2,020. Together, the total cost for stamp duty and registration fee comes to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Ganesh Garden?

The Sri Sai Ganesh Garden falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Devathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. This ensures that both the buyer and seller are aware of the official value set by the government for the property.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring transparency in property transactions. It is essential for buyers and sellers to be familiar with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri Sai Ganesh Garden is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and is currently Rs 101 per sq.ft in 2024.

What is the land classification of Sri Sai Ganesh Garden?

Sri Sai Ganesh Garden is classified as Mixed Type - I land under the Madurandakam SRO.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Sai Ganesh Garden?

Stamp duty for properties in Sri Sai Ganesh Garden is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 7,070.