Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Singlikuppam village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Sai Garden has changed

In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 250 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistent value of Rs 250 per sq.ft from 2023 to 2024 indicates stability in the guideline value for this period.

Guideline values in Singlikuppam

In Singlikuppam, there are four streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 350 per sq.ft, with a median value of Rs 293 per sq.ft. The guideline value of Sri Sai Garden is below this median.

• Padmavathi Nagar: Rs 350 per sq.ft (2024)
• Ark Avenue: Rs 250 per sq.ft (2024)
• அன்னை கோமதி நகர்: Rs 335 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or 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?

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, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Singlikuppam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, reflecting a 50% increase over this period.

What are the guideline values of other streets in Singlikuppam?

Other streets in Singlikuppam have varying guideline values, with Padmavathi Nagar at Rs 350 per sq.ft, Ark Avenue at Rs 250 per sq.ft, and அன்னை கோமதி நகர் at Rs 335 per sq.ft for 2024.

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

For a 1,000 sq.ft plot in Sri Sai Garden, the total stamp duty and registration fees would amount to Rs 22,500, based on the current guideline value of Rs 2,50,000.

Which office handles registrations for properties in Sri Sai Garden?

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