Guideline Value for SRIRAM GARDAN

Sriram Gardan guideline value

The current guideline value of Sriram Gardan is Rs 875 per sq.ft, effective from 1 July 2024. This property is located in Orikkai village, under the Kanchipuram Joint IV SRO, and falls under the Residential Class I Type - IV land classification.

How the guideline value of Sriram Gardan has changed

According to the guideline value register, there are no figures available for Sriram Gardan for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 800 per sq.ft in 2023, which increased to Rs 875 per sq.ft in 2024, marking a change of +9%.

The current figure of Rs 875 per sq.ft for 2024 reflects a significant increase from the previous year's value of Rs 800 per sq.ft. This adjustment indicates a shift in the valuation of properties in the area, aligning with the revised rates set by the Kanchipuram Joint IV SRO.

Guideline values in Orikkai

In Orikkai, there are 12 streets under the Kanchipuram Joint IV SRO that carry the 2024 guideline values ranging from Rs 800 to Rs 1,500 per sq.ft. The median value for these streets is Rs 975 per sq.ft, placing Sriram Gardan's current value below this median.

• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sri Thiru Arul Nagar: Rs 925 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Krishnan Nagar: Rs 800 per sq.ft (2024)
• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Kanchi Gardan: Rs 1,099 per sq.ft (2024)

Stamp duty and registration fee for property in Sriram Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 875 per sq.ft, the total guideline value would be Rs 8,75,000. The stamp duty at 7% would amount to Rs 61,250, and the registration fee at 2% would be Rs 17,500, bringing the total cost for these fees to Rs 78,750. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sriram Gardan?

The Sub Registrar Office that covers Sriram Gardan is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Orikkai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a buyer and seller agree on a sale price, the guideline value is compared to ensure that the registration process complies with local regulations. The duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sriram Gardan?

The current guideline value of Sriram Gardan is Rs 875 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sriram Gardan was Rs 800 per sq.ft in 2023 and increased to Rs 875 per sq.ft in 2024, a change of +9%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in Sriram Gardan?

For a property valued at Rs 8,75,000, the stamp duty would be Rs 61,250 and the registration fee would be Rs 17,500, totaling Rs 78,750. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers the area of Sriram Gardan?

The Kanchipuram Joint IV Sub Registrar Office covers Sriram Gardan, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the guideline value determined for properties in Orikkai?

The guideline value for properties in Orikkai is determined by the Kanchipuram Joint IV SRO and is based on various factors, including land classification and the values of other streets in the area. It is revised periodically to reflect changes in the real estate market.