Guideline Value for SRI SAKTHI SAI GARDEN

Sri Sakthi Sai Garden guideline value

The current guideline value of Sri Sakthi Sai Garden is Rs 150 per sq.ft. This property is located in Thotakadu village under the Ponneri SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Sri Sakthi Sai Garden has changed

The guideline value for Sri Sakthi Sai Garden has undergone several revisions. The 2017 revision set the value at Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 150 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thotakadu

In Thotakadu, there are 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 150 per sq.ft, with a median of Rs 150 per sq.ft. The guideline value for Sri Sakthi Sai Garden is equal to this median.

• Sri Parvathi Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Amman Nagar Ext: Rs 150 per sq.ft (2024)
• Sri Amman Nagar: Rs 150 per sq.ft (2024)
• Sivasakthi Vinayagar Nagar: Rs 150 per sq.ft (2024)
• Vetri Nagar: Rs 150 per sq.ft (2024)
• K.P.M.Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sakthi Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. 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 detailed calculations.

Which Sub Registrar Office covers Sri Sakthi Sai Garden?

The Sub Registrar Office that covers Sri Sakthi Sai Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thotakadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable taxes, ensuring that the government receives the correct amount based on the property's assessed value. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

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

The current guideline value of Sri Sakthi Sai Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 50% over this period.

What are the other streets with the same guideline value in Thotakadu?

Other streets in Thotakadu that share the same guideline value of Rs 150 per sq.ft include Sri Parvathi Amman Nagar, Sri Amman Nagar Ext, Sri Amman Nagar, Sivasakthi Vinayagar Nagar, Vetri Nagar, and K.P.M.Nagar.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 1,50,000, the total stamp duty and registration fees would be Rs 13,500.

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

The Sub Registrar Office for Sri Sakthi Sai Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.