Guideline Value for SRI THIRUMALA GARDEN

Sri Thirumala Garden guideline value

The current guideline value of Sri Thirumala Garden is Rs 126 per sq.ft, effective from 1 July 2024. This property is located in Vedavakkam village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Sri Thirumala Garden has changed

The guideline value for Sri Thirumala Garden has undergone several revisions over the years. The most recent revisions show that the guideline value was Rs 126 per sq.ft in both 2023 and 2024. Prior to that, the 2017 revision set the value at Rs 201 per sq.ft, reflecting a decrease of 37%. The 2012 revision had an even higher value of Rs 300 per sq.ft, marking a 33% drop to the 2017 figure. Overall, from 2012 to 2024, the guideline value has decreased by 58%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vedavakkam

In Vedavakkam, there are six streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Sri Thirumala Garden is below this median.

• Vasantham Nagar Phase I: Rs 200 per sq.ft (2024)
• Vgp Gold Fields: Rs 200 per sq.ft (2024)
• Wings Pon Nagar: Rs 150 per sq.ft (2024)
• Guberamangala Nagar: Rs 100 per sq.ft (2024)
• Anandham Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thirumala Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total cost for these fees Rs 11,340. It is important to note that the 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 Thirumala Garden?

The Sri Thirumala Garden area falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Vedavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Thirumala Garden?

The current guideline value of Sri Thirumala Garden is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 300 per sq.ft in 2012 to Rs 126 per sq.ft in 2024, marking an overall decline of 58%.

What is the registration office for Sri Thirumala Garden?

Sri Thirumala Garden is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Thirumala Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 126 per sq.ft incurs a total stamp duty of Rs 8,820.

What are the other streets in Vedavakkam and their guideline values?

Other streets in Vedavakkam include Vasantham Nagar Phase I and Vgp Gold Fields, both at Rs 200 per sq.ft, Wings Pon Nagar and Anandham Nagar at Rs 150 per sq.ft, and Guberamangala Nagar at Rs 100 per sq.ft.