Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Panapakkam village under the Padappai SRO, is Rs 880 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Sai Garden has changed

The guideline value for Sri Sai Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 880 per sq.ft, reflecting a 10% rise from the previous year.

Looking back further, the 2012, 2007, 2003, and 2002 revisions have no figures recorded for this street. Overall, from 2017 to 2024, the guideline value increased by 10%.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft, with a median value of Rs 770 per sq.ft. Sri Sai Garden's 2024 figure of Rs 880 per sq.ft is above this median.

• Sri Vadapalani Murugan Nagar: Rs 770 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 660 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Krishna Nagar: Rs 550 per sq.ft (2024)
• Thanigai Nagar: Rs 770 per sq.ft (2024)
• Sindhu Enclave: Rs 990 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total charges Rs 79,200. 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Sri Sai Garden?

The Sub Registrar Office that covers Sri Sai Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Panapakkam. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it determines the financial obligations associated with property transactions and ensures compliance 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 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a 10% increase. There was no change in the 2023 revision.

What are the other streets in Panapakkam with their guideline values?

Other streets in Panapakkam include Sri Vadapalani Murugan Nagar at Rs 770 per sq.ft, Srinivasa Perumal Nagar at Rs 660 per sq.ft, Sri Lakshmi Nagar at Rs 770 per sq.ft, Sri Krishna Nagar at Rs 550 per sq.ft, Thanigai Nagar at Rs 770 per sq.ft, and Sindhu Enclave at Rs 990 per sq.ft.

How is stamp duty calculated for properties in Sri Sai Garden?

Stamp duty for properties in Sri Sai Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 880 per sq.ft incurs a total stamp duty of Rs 61,600.

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

The Sub Registrar Office for Sri Sai Garden is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles all registrations for properties in the area.