Guideline Value for SRI SIVADURGAI GARDEN

Sri Sivadurgai Garden guideline value

The current guideline value of Sri Sivadurgai Garden in Oothivakkam village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Sivadurgai Garden has changed

The guideline value for Sri Sivadurgai Garden has experienced several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 134 per sq.ft. By 2023, the value increased significantly to Rs 200 per sq.ft, maintaining this rate into the 2024 revision. The changes from 2017 to 2023 reflect a 49% increase, while the change from 2012 to 2017 shows a decrease of 33%. Overall, from 2012 to 2024, the guideline value remains at Rs 200 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,792 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value for Sri Sivadurgai Garden is below this median.

• Sri Sathya Sai Nagar Ext II: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension -III: Rs 1,200 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sri Varman Nagar: Rs 200 per sq.ft (2024)
• Thadagam Avenue: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sivadurgai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. Duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sivadurgai Garden?

The Sub Registrar Office that covers Sri Sivadurgai Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Oothivakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sivadurgai Garden?

The current guideline value of Sri Sivadurgai Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and remains at this rate for 2024.

What is the land classification for Sri Sivadurgai Garden?

Sri Sivadurgai Garden is classified as Residential Class II Type - I, indicating its designated use for residential purposes.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Oothivakkam?

Stamp duty for properties in Oothivakkam is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.