Guideline Value for SRI SAI GARDEN

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden, located in Guduvancheri village, is Rs 100 per sq.ft. This guideline value is effective from the 2024 revision and falls under the Residential Class II Type - I land classification. The area is governed by the Ponneri Sub Registrar Office (SRO).

How the guideline value of Sri Sai Garden has changed

Since the 2012 revision, the guideline value for Sri Sai Garden has remained at Rs 100 per sq.ft. The 2017 revision recorded a decrease to Rs 67 per sq.ft, which was an overall drop of 33% from the previous figure. However, the guideline value increased significantly by 49% to Rs 100 per sq.ft in the 2023 revision, and it has remained unchanged into the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the guideline value from 2012 to 2024 shows no change, as it has consistently remained at Rs 100 per sq.ft since the 2024 revision.

Guideline values in Guduvancheri

In Guduvancheri, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with the median value being Rs 100 per sq.ft. Sri Sai Garden's guideline value is equal to this median.

• Sri Sakthi Sai Nagar: Rs 100 per sq.ft (2024)
• Srinivasa Garden: Rs 100 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 100 per sq.ft (2024)
• Saribha Nagar: Rs 100 per sq.ft (2024)
• Praveen Nagar: Rs 100 per sq.ft (2024)
• New Sun City: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee, charged at 2%, would be Rs 2,000. Therefore, the total cost for stamp duty and registration would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sai Garden?

The Sri Sai Garden area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Guduvancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall cost of 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 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for Sri Sai Garden?

Sri Sai Garden falls under the Residential Class II Type - I land classification.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for property in Sri Sai Garden?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a plot valued at Rs 1,00,000 would incur a stamp duty of Rs 7,000.