Guideline Value for SRI SAI GARDEN ANNEX

Sri Sai Garden Annex guideline value

The current guideline value of Sri Sai Garden Annex is Rs 3,400 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Sri Sai Garden Annex has changed

The guideline value for Sri Sai Garden Annex has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,400 per sq.ft, an increase from Rs 3,135 per sq.ft in 2023. This marks an 8% rise between these two revisions. Looking further back, the value was Rs 2,100 per sq.ft in 2017, indicating a significant increase of 49% from 2017 to 2023, and an overall increase of 62% from 2017 to 2024.

For the years 2012, 2007, 2003, and 2002, the register has no figure for this street. Thus, no values are available for those years.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, placing Sri Sai Garden Annex's 2024 figure above that median.

• Sri Sai Garden (Hill View): Rs 3,300 per sq.ft (2024)
• Sri Sai Garden: Rs 3,200 per sq.ft (2024)
• Sri Sai Nagar: Rs 2,725 per sq.ft (2024)
• Sri Sairam Nagar: Rs 3,700 per sq.ft (2024)
• Sri Sankara Hospital: Rs 850 per sq.ft (2024)
• Sri Sastha Nagar: Rs 3,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total cost for these fees to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sai Garden Annex?

The Sub Registrar Office that covers Sri Sai Garden Annex is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property in Perumbakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the sale price, ensuring that the government receives due revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sri Sai Garden Annex is Rs 3,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,100 per sq.ft in 2017 to Rs 3,400 per sq.ft in 2024, which is a total increase of 62% over the seven years.

What are the other streets with guideline values in Perumbakkam?

Other streets in Perumbakkam include Sri Sai Garden (Hill View) at Rs 3,300 per sq.ft, Sri Sai Garden at Rs 3,200 per sq.ft, and Sri Sairam Nagar at Rs 3,700 per sq.ft, among others.

How is stamp duty calculated for property in Sri Sai Garden Annex?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 34,00,000 would incur a stamp duty of Rs 2,38,000.

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

The Sub Registrar Office for Sri Sai Garden Annex is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find your SRO online for more information.