Guideline Value for SRI VIJAYALAKSHMI GARDEN

Sri Vijayalakshmi Garden guideline value

The current guideline value for Sri Vijayalakshmi Garden in Thandalam village is Rs 2,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Pammal SRO with a land classification of Mixed Type - II.

How the guideline value of Sri Vijayalakshmi Garden has changed

The guideline value for Sri Vijayalakshmi Garden has remained unchanged in previous revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft.

Since there are no figures available for the earlier years, we can confirm that the only recorded value for this street is from the 2024 revision. Therefore, there have been no changes in the guideline value across the revisions noted.

Guideline values in Thandalam

In Thandalam, a total of 56 streets under the Pammal SRO have a guideline value for 2024 ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,210 per sq.ft, placing Sri Vijayalakshmi Garden's 2024 figure above the median.

• S.S.Garden: Rs 1,480 per sq.ft (2024)
• Subham Avenue: Rs 1,210 per sq.ft (2024)
• Sri Raghavendhra Avenue: Rs 990 per sq.ft (2024)
• Sri Kamatchi Gardens: Rs 3,300 per sq.ft (2024)
• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vijayalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vijayalakshmi Garden?

The Sri Vijayalakshmi Garden area falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is essential during property transactions in Thandalam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it can affect the overall registration costs.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Vijayalakshmi Garden?

The current guideline value of Sri Vijayalakshmi Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

What has been the trend of guideline values for Sri Vijayalakshmi Garden?

There have been no recorded figures for Sri Vijayalakshmi Garden in previous revisions, and the only guideline value available is from the 2024 revision, which is Rs 2,200 per sq.ft.

What is the median guideline value in Thandalam?

The median guideline value in Thandalam is Rs 1,210 per sq.ft, which is below the current value of Sri Vijayalakshmi Garden.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.

Where can I find the Sub Registrar Office for Sri Vijayalakshmi Garden?

The Sub Registrar Office covering Sri Vijayalakshmi Garden is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information online.