Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Walajabad village under the Walajabad SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Sai Garden has changed

Looking at the historical revisions, the guideline value for Sri Sai Garden has seen several changes. In 2012, the value was set at Rs 700 per sq.ft. It then decreased to Rs 469 per sq.ft in 2017, marking a decline of 33%. However, by 2023, the value returned to Rs 700 per sq.ft, and it remained unchanged through the 2024 revision, which also set the value at Rs 700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, comparing the values from 2012 to 2024, there has been no change, with the current value remaining the same as it was in 2012.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Sri Sai Garden's current value below this median.

• Sri Sai Nagar: Rs 700 per sq.ft (2024)
• Sriperumbudur Road(Upto Railway Bridg): Rs 2,000 per sq.ft (2024)
• Sri Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• Srinivasa Perumal Kovil St: Rs 750 per sq.ft (2024)
• Sri Vidhya Nagar Extension: Rs 750 per sq.ft (2024)
• Sri Natarajar 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Garden?

The Sri Sai Garden area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer and seller must ensure that the sale price meets or exceeds the guideline value to avoid any legal complications. The registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a notable decrease from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, followed by a return to Rs 700 per sq.ft in 2023 and 2024.

What is the median guideline value in Walajabad?

The median guideline value for streets in Walajabad is Rs 750 per sq.ft, which is higher than the current value of Sri Sai Garden.

What fees are associated with property transactions in Sri Sai Garden?

For a property valued at Rs 7,00,000, the stamp duty is Rs 49,000, and the registration fee is Rs 14,000, totaling Rs 63,000 in fees.

Where is the Sub Registrar Office for Sri Sai Garden located?

The Walajabad Sub Registrar Office is located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.