Guideline Value for SRI SAI MURUGA GARDEN

Sri Sai Muruga Garden guideline value

The current guideline value of Sri Sai Muruga Garden is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Arambakkam village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Sai Muruga Garden has changed

The guideline value for Sri Sai Muruga Garden has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there has been no change, reflecting a stable guideline value of Rs 600 per sq.ft. This consistency indicates that the value has not fluctuated during this period.

Guideline values in Arambakkam

In Arambakkam, there are a total of 33 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 800 per sq.ft. The median guideline value is Rs 600 per sq.ft, making the value of Sri Sai Muruga Garden equal to this median.

• Sri Sai Green Homes: Rs 800 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 Muruga Garden

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Muruga Garden?

The Sub Registrar Office that covers Sri Sai Muruga Garden is 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 additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arambakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

Buyers and sellers should be aware that the guideline value is set by the Registration Department and reflects the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sai Muruga Garden?

The current guideline value of Sri Sai Muruga Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sri Sai Muruga Garden?

Sri Sai Muruga Garden is classified as Residential Special Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft incurs a total fee of Rs 54,000.

Where can I find the Sub Registrar Office for Sri Sai Muruga Garden?

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