Guideline Value

Corporate

Guideline Value for SRINIVASA GARDEN

₹3210/sq.ft.

The guideline value for Srinivasa Garden in Thirumudivakkam village (Padappai SRO, Chennai zone) is Rs 3210 per sq.ft, effective 1 July 2024. It was Rs 2911 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumudivakkam

Village

Padappai

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹3210 /sq.ft.
From 1-4-2023 ₹2911 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1950 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Srinivasa Garden

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Srinivasa Garden guideline value

The current guideline value of Srinivasa Garden, located in Thirumudivakkam village, is Rs 3,210 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Mixed Type - II land.

How the guideline value of Srinivasa Garden has changed

Since the 2017 revision, the guideline value for Srinivasa Garden has seen significant changes. The value was Rs 1,950 per sq.ft in 2017, which increased to Rs 2,911 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 brought the value to Rs 3,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value of Srinivasa Garden is above this median, indicating a higher valuation compared to many other streets in the area.

Stamp duty and registration fee for property in Srinivasa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,210 per sq.ft, the total guideline value would be Rs 32,10,000. The stamp duty at 7% would amount to Rs 2,24,700, and the registration fee at 2% would be Rs 64,200, bringing the total fees to Rs 2,88,900. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Garden?

The Sub Registrar Office that covers Srinivasa Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumudivakkam. It serves as a reference point for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value helps in establishing a fair transaction price for both the buyer and the seller. It ensures that the registration process is transparent and consistent, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Srinivasa Garden?

The current guideline value of Srinivasa Garden is Rs 3,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,950 per sq.ft in 2017 to Rs 2,911 per sq.ft in 2023, and then to Rs 3,210 per sq.ft in 2024. This represents a 65% increase from 2017 to 2024.

What are the guideline values of other streets in Thirumudivakkam?

Other streets in Thirumudivakkam have guideline values ranging from Rs 660 to Rs 3,860 per sq.ft, with a median value of Rs 1,320 per sq.ft. Srinivasa Garden's value is above this median.

What are the stamp duty and registration fees for properties in Srinivasa Garden?

For a property valued at Rs 32,10,000, the stamp duty would be Rs 2,24,700 and the registration fee would be Rs 64,200, totaling Rs 2,88,900. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Srinivasa Garden?

The Padappai Sub Registrar Office handles property registrations for Srinivasa Garden. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.