Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Perumbakkam village under the Selaiyur SRO, is Rs 3,200 per sq.ft, effective from 1 July 2024. This area is classified as Industries Type - I.

How the guideline value of Sri Sai Garden has changed

The guideline value of Sri Sai Garden has seen several revisions over the years. The 2017 revision set the value at Rs 2,100 per sq.ft, which increased to Rs 3,005 per sq.ft in 2023, marking a significant rise of 43%. The latest revision in 2024 has further increased the guideline value to Rs 3,200 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 52%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with 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, indicating that the guideline value of Sri Sai Garden is above this median.

• Sri Sai Garden Annex: Rs 3,400 per sq.ft (2024)
• Sri Sai Garden (Hill View): Rs 3,300 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total to Rs 2,88,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the 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 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 more information.

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

The guideline value is a crucial factor in property transactions in Perumbakkam, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 3,200 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 3,200 per sq.ft in 2024, marking an overall increase of 52% during this period.

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

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office covers Sri Sai Garden?

The Selaiyur Sub Registrar Office covers Sri Sai Garden, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Sri Sai Garden?

Sri Sai Garden is classified as Industries Type - I, which reflects its zoning for industrial use.