Guideline Value for SRIRADI SAI BABA GARDEN

Sriradi Sai Baba Garden guideline value

The current guideline value of Sriradi Sai Baba Garden, located in Koduvali village under the Arani_Tiruvallur SRO, is Rs 400 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sriradi Sai Baba Garden has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This figure increased to Rs 400 per sq.ft in the 2023 revision, marking a significant change of 49%. The guideline value remained at Rs 400 per sq.ft in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Sriradi Sai Baba Garden. Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49% in the guideline value.

Guideline values in Koduvali

In Koduvali, three streets carry a guideline value of Rs 400 per sq.ft as per the 2024 revision, with Sriradi Sai Baba Garden being equal to the median value of Rs 400 per sq.ft. The other streets in Koduvali under the Arani_Tiruvallur SRO are as follows:

• Sri Nagar: Rs 400 per sq.ft (2024)
• Ekathamman Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sriradi Sai Baba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sriradi Sai Baba Garden?

The Sriradi Sai Baba Garden area falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koduvali. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sriradi Sai Baba Garden?

The current guideline value of Sriradi Sai Baba Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and it remained at Rs 400 per sq.ft in 2024, showing a 49% increase overall from 2017 to 2024.

Which streets in Koduvali have the same guideline value?

In Koduvali, the streets Sri Nagar and Ekathamman Nagar also have a guideline value of Rs 400 per sq.ft as per the 2024 revision, in addition to Sriradi Sai Baba Garden.

What are the stamp duty and registration fees for property in Sriradi Sai Baba Garden?

For a 1,000 sq.ft plot at the current guideline value, 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 Sriradi Sai Baba Garden located?

The Sub Registrar Office for Sriradi Sai Baba Garden is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.