Guideline Value for SRIAMBAL GARDEN

Sriambal Garden guideline value

The current guideline value of Sriambal Garden in Dhangadoor village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sriambal Garden has changed

The guideline value for Sriambal Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision saw a decrease to Rs 67 per sq.ft, marking a -33% change from 2012. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Dhangadoor

In Dhangadoor, there are three streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 550 per sq.ft, with a median value of Rs 550 per sq.ft. Sriambal Garden's 2024 guideline value is below this median.

• Rp Lokesh Varshaa Nagar Phase 2: Rs 550 per sq.ft (2024)
• Rp Lokesh Varshaa Nagar Phase I: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sriambal Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is essential to 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 Sriambal Garden?

The Sriambal Garden area falls under 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 Dhangadoor

The guideline value is a crucial factor in the registration process when buying or selling property in Dhangadoor. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a buyer purchases a property, the guideline value is used to calculate the applicable fees, which are based on the higher value between the guideline and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sriambal Garden?

The current guideline value of Sriambal Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 100 per sq.ft, a decrease to Rs 67 per sq.ft in 2017, and returning to Rs 100 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Dhangadoor?

Other streets in Dhangadoor under the Tiruvallur Joint 1 SRO have guideline values ranging from Rs 100 to Rs 550 per sq.ft, with the median being Rs 550 per sq.ft.

What fees are associated with buying property in Sriambal Garden?

When buying property in Sriambal Garden, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 9,000.

Where can I find the Sub Registrar Office for Sriambal Garden?

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