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Guideline Value

Corporate

Guideline Value for SRI SHESHATARI GARDEN EXTN-I

₹501/sq.ft.

The guideline value for Sri Sheshatari Garden Extn-i in Palur-a village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 501 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 0% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Palur-a

Village

Chengleput Joint II

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹501 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sheshatari Garden Extn-i

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Sri Sheshatari Garden Extn-I guideline value

The current guideline value of Sri Sheshatari Garden Extn-I is Rs 501 per sq.ft, effective from 1 July 2024. This property is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - II.

How the guideline value of Sri Sheshatari Garden Extn-I has changed

The guideline value for Sri Sheshatari Garden Extn-I has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This value increased to Rs 500 per sq.ft in the 2023 revision, and then to Rs 501 per sq.ft in the 2024 revision, showing a change of +49% from 2017 to 2023 and an overall increase of +50% from 2017 to 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 501 per sq.ft. The significant rise from Rs 335 per sq.ft in 2017 to the current Rs 501 per sq.ft reflects the changes over the years, with the most notable increase occurring between 2017 and 2023.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Sheshatari Garden Extn-I is above this median.

Stamp duty and registration fee for property in Sri Sheshatari Garden Extn-I

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, while the registration fee at 2% would be Rs 10,020, making the total cost for these fees Rs 45,090. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sheshatari Garden Extn-I?

The Sub Registrar Office covering Sri Sheshatari Garden Extn-I is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is an essential factor in property transactions in Palur-A, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property worth.

During the registration process, the buyer and seller must ensure that the sale price is either equal to or higher than the guideline value. This practice helps maintain transparency and fairness in property transactions, as it provides a clear framework for determining the official value of properties in the area.

Frequently asked questions

What is the current guideline value of Sri Sheshatari Garden Extn-I?

The current guideline value of Sri Sheshatari Garden Extn-I is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 501 per sq.ft in 2024, reflecting a total increase of 50% over this period.

What is the land classification for Sri Sheshatari Garden Extn-I?

Sri Sheshatari Garden Extn-I is classified as Mixed Special Type - II, which indicates its zoning and permitted land use.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in the area.

How is the stamp duty calculated for properties in Sri Sheshatari Garden Extn-I?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,01,000 would incur a stamp duty of Rs 35,070.