Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Kovur village under the Kunrathur SRO, is Rs 2,300 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Sri Sai Garden has changed

The guideline value of Sri Sai Garden has seen changes over the years. In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This represents an increase of 15% to the current value of Rs 2,300 per sq.ft in the 2024 revision. There are no figures available for the revisions in the years 2003, 2007, 2017, and 2023 for this street.

To summarize the revisions, the 2012 value was Rs 2,000 per sq.ft, and it increased to Rs 2,300 per sq.ft in 2024. The guideline value has not been recorded for the years 2003, 2007, 2017, and 2023 in the register, indicating that the 2012 and 2024 revisions are the only ones with figures for this street.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Sri Sai Garden is above this median.

• Sri Sai Balaji Avenue: Rs 3,300 per sq.ft (2024)
• Sriram Nagar: Rs 1,320 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 1,430 per sq.ft (2024)
• Sri Thirumal Nagar: Rs 1,430 per sq.ft (2024)
• Sri Vaishnavi Avenue & Extention I, II: Rs 1,650 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 1,650 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 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, making the total fees together Rs 2,07,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sri Sai Garden?

The Sub Registrar Office that covers Sri Sai Garden is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kovur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This value helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 2,300 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,300 per sq.ft in 2024, reflecting a 15% increase. There are no figures available for the revisions in the years 2003, 2007, 2017, and 2023 for this street.

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

The registration fees for a property in Sri Sai Garden include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,07,000.

Which office handles property registration for Sri Sai Garden?

The Kunrathur Sub Registrar Office handles property registration for Sri Sai Garden. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Sri Sai Garden?

The land classification for Sri Sai Garden is Mixed Type - III, indicating the type of development and usage permitted in the area.