Guideline Value for SRI SUDHARSAN GARDENS

Sri Sudharsan Gardens guideline value

The current guideline value of Sri Sudharsan Gardens is Rs 300 per sq.ft. This area is located in Uthukadu-B village under the Walajabad SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Sudharsan Gardens has changed

The guideline value for Sri Sudharsan Gardens has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, which is effective from 1 July 2024. The register has no figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value is set at Rs 300 per sq.ft, consistent with the previous year's figure of Rs 300 per sq.ft from the 2023 revision. This indicates a change of +0% between the two revisions.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Sudharsan Gardens below this median.

• Srinath Nagar: Rs 800 per sq.ft (2024)
• Suthanthira Ponvizha Nagar: Rs 300 per sq.ft (2024)
• S V P Garden: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sudharsan Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sudharsan Gardens?

The Sub Registrar Office that covers Sri Sudharsan Gardens is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role during the registration process of property transactions in Uthukadu-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to determine the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Sri Sudharsan Gardens?

The current guideline value of Sri Sudharsan Gardens is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sudharsan Gardens has remained at Rs 300 per sq.ft since the 2023 revision, showing no change in the 2024 revision. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sri Sudharsan Gardens?

Sri Sudharsan Gardens is classified as Residential Class I Type - II. This classification is important for determining the appropriate guidelines for property transactions in the area.

What are the stamp duty rates for properties in Sri Sudharsan Gardens?

The stamp duty rate for properties in Sri Sudharsan Gardens is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher. This ensures that the fees collected are based on the property's value.

Where can I find more information about the Walajabad SRO?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can also find your SRO for additional details.