Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden in Thirumani village is Rs 601 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint I SRO and is classified as Mixed Type - I.

How the guideline value of Sri Sai Garden has changed

The guideline value for Sri Sai Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 600 per sq.ft. In the 2017 revision, the value was Rs 402 per sq.ft, indicating a significant increase of 49% to Rs 600 in 2023. The current 2024 revision shows a slight adjustment to Rs 601 per sq.ft, reflecting a 0% change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained the same at Rs 600 per sq.ft, with the current value being above this figure.

Guideline values in Thirumani

In Thirumani, there are seven streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 400 to Rs 601 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Sri Sai Garden's value above the median.

• Thirumalai Nagar: Rs 400 per sq.ft (2024)
• SathyaGiraganagar: Rs 601 per sq.ft (2024)
• PTN EnClave: Rs 500 per sq.ft (2024)
• Malar Avenue: Rs 400 per sq.ft (2024)
• Krishnamurthi Nagar: Rs 601 per sq.ft (2024)
• Annai Sathya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 601 per sq.ft, the total guideline value would be Rs 6,01,000. The stamp duty at 7% would amount to Rs 42,070, while the registration fee at 2% would be Rs 12,020, bringing the total to Rs 54,090. 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 Garden?

The Sub Registrar Office that covers Sri Sai Garden is the Chengleput Joint I 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 Thirumani

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 601 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and now to Rs 601 per sq.ft in 2024.

What is the registration office for Sri Sai Garden?

The registration office for Sri Sai Garden is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the same. For example, a 1,000 sq.ft plot at Rs 601 per sq.ft would incur a total cost of Rs 54,090 in fees.

How do I find the guideline values for other streets in Thirumani?

You can find the guideline values for other streets in Thirumani by checking the respective links provided for each street's 2024 rate.