Guideline Value for SRI SHESHATARI GARDEN

Sri Sheshatari Garden guideline value

The current guideline value of Sri Sheshatari Garden is Rs 400 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 Residential Special Type - I.

How the guideline value of Sri Sheshatari Garden has changed

The guideline value for Sri Sheshatari Garden has remained consistent at Rs 400 per sq.ft for the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, there has been a 49% increase in the guideline value.

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. The median value is Rs 400 per sq.ft, which is equal to the current guideline value of Sri Sheshatari Garden.

• Sri Sheshatari Garden Extn-I: Rs 501 per sq.ft (2024)
• Sri Seshadri Garden Pasupathi Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Guna Nagar: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-I: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-II: Rs 400 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sheshatari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Sheshatari Garden?

Sri Sheshatari Garden falls under 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 essential for property registration in Palur-A, as it determines the minimum value at which properties can be registered. It is used to calculate the stamp duty and registration fees payable at the time of purchase or sale.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a value that reflects the current market standards. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sri Sheshatari Garden?

The current guideline value of Sri Sheshatari Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sheshatari Garden has remained the same at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase.

What are the other streets in Palur-A with their guideline values?

Other streets in Palur-A include Sri Sheshatari Garden Extn-I at Rs 501 per sq.ft, and several others at Rs 400 per sq.ft. The guideline values for these streets vary within the range of Rs 150 to Rs 600 per sq.ft.

What fees are associated with buying property in Sri Sheshatari Garden?

The fees associated with buying property include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees can total Rs 36,000.

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

The Sub Registrar Office covering Sri Sheshatari Garden is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration processes for properties in the area.