Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Athivakkam village under the Arani_Tiruvallur SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification.

How the guideline value of Sri Sai Garden has changed

The guideline value for Sri Sai Garden has seen no changes in the recent revisions. The 2023 revision set the value at Rs 150 per sq.ft, and the same figure was maintained in the 2024 revision, which is effective from 1 July 2024.

Looking further back, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available guideline values are from the 2023 and 2024 revisions, both recorded at Rs 150 per sq.ft.

Guideline values in Athivakkam

In Athivakkam, four streets carry a 2024 guideline value, ranging from Rs 141 to Rs 150 per sq.ft. The median value for these streets is Rs 150 per sq.ft, which aligns with the current value for Sri Sai Garden.

• Sri Lakshmi Nagar: Rs 150 per sq.ft (2024)
• Sri Annai Nagar: Rs 141 per sq.ft (2024)
• J.V. Nagar: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Garden?

The Sub Registrar Office that covers Sri Sai Garden is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Athivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives its due revenue based on the current valuation of the property.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sai Garden has remained at Rs 150 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Sai Garden?

Sri Sai Garden falls under the Residential Class IV Type - I land classification, which is applicable for residential purposes.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 13,500 in fees based on the current guideline value.

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

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai. This office handles the registration of properties in Sri Sai Garden.