Guideline Value for SRI SAI GREEN HOMES

Sri Sai Green Homes guideline value

The current guideline value of Sri Sai Green Homes, located in Arambakkam village, is Rs 800 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - II land classification, managed by the Gooduvancheri SRO.

How the guideline value of Sri Sai Green Homes has changed

The guideline value for Sri Sai Green Homes has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision recorded a lower value of Rs 536 per sq.ft, marking a decrease of 33% from 2012. Between 2017 and 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft in 2023.

As of the 2024 revision, the guideline value remains at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Sri Sai Green Homes above this median.

• Sri Sai Muruga Garden: Rs 600 per sq.ft (2024)
• Sri Raghuraman Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)
• Sri Srinivasa Perumal Nagar Extn: Rs 400 per sq.ft (2024)
• SRI Subramaniyar Nagar ExTN: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Green Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Sai Green Homes?

The Sri Sai Green Homes area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Arambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sri Sai Green Homes?

The current guideline value of Sri Sai Green Homes is Rs 800 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 remained at Rs 800 per sq.ft from 2012 to 2024, with fluctuations in between, including a decrease to Rs 536 per sq.ft in 2017 before returning to Rs 800 per sq.ft in 2023.

What is the land classification for Sri Sai Green Homes?

Sri Sai Green Homes is classified under Residential Special Type - II, which is important for understanding the zoning and development regulations applicable to the area.

What are the stamp duty and registration fees for properties in this area?

For properties in Sri Sai Green Homes, the stamp duty is 7% and the registration fee is 2% of the guideline value, which is Rs 800 per sq.ft as of 2024.

Where can I find the Sub Registrar Office for this property?

The Gooduvancheri Sub Registrar Office covers Sri Sai Green Homes, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.