Guideline Value for SRI VARSHA GARDEN

Sri Varsha Garden guideline value

The current guideline value of Sri Varsha Garden is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Siruvanoor village, under the Tiruvallur Joint 1 SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Varsha Garden has changed

The guideline value for Sri Varsha Garden has seen several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 400 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 400 per sq.ft, indicating stability in the recent revisions.

Guideline values in Siruvanoor

In Siruvanoor, there are 18 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sri Varsha Garden's current value above this median.

• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Sri Selva Ganapathi Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar & Pahse-I: Rs 300 per sq.ft (2024)
• S.P. Garden: Rs 100 per sq.ft (2024)
• S.J.N. Nagar: Rs 100 per sq.ft (2024)
• Senthil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Varsha Garden

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Varsha Garden?

The Sub Registrar Office that covers Sri Varsha Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial reference point when registering property transactions in Siruvanoor. It is used to determine the stamp duty and registration fees applicable on the property, ensuring that the transaction is in accordance with the government regulations.

When buying or selling property, the guideline value helps both parties understand the minimum value that will be considered for taxation purposes. This ensures transparency and compliance with local real estate laws during the registration process.

Frequently asked questions

What is the current guideline value of Sri Varsha Garden?

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

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 400 per sq.ft in 2024, unchanged from 2023. The value was Rs 268 per sq.ft in 2017 and Rs 400 per sq.ft in 2012.

What is the land classification of Sri Varsha Garden?

Sri Varsha Garden falls under the Residential Class II Type - I land classification, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Sri Varsha Garden?

For a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Sri Varsha Garden located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, covering Sri Varsha Garden.