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, effective from 1 July 2024. This area is located in Uthukkadu - A village, under the Walajabad SRO, and is 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 seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 300 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, in 2017, the guideline value was Rs 201 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

The register does not have figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the changes noted are primarily between the 2017, 2023, and 2024 revisions.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Sri Sudharsan Gardens is below this median.

• Sri Sivasakthi Nagar: Rs 300 per sq.ft (2024)
• Sri Shivam Avenue: Rs 350 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 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, totaling Rs 27,000. Please 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 Sudharsan Gardens?

Sri Sudharsan Gardens falls under 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 Uthukkadu - A

The guideline value is a crucial factor in the registration process when buying or selling property in Uthukkadu - A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and that the government can maintain an up-to-date register of property values in the area.

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 increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other guideline values in Uthukkadu - A?

Other streets in Uthukkadu - A have guideline values ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Sri Sudharsan Gardens' value is below this median.

What fees are associated with buying property in Sri Sudharsan Gardens?

When buying property in Sri Sudharsan Gardens, buyers should be prepared to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.