Guideline Value for STERLING LITTLE FLOWERS

Sterling Little Flowers guideline value

The current guideline value of Sterling Little Flowers, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 3,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sterling Little Flowers has changed

The guideline value for Sterling Little Flowers has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 3,500 per sq.ft, consistent with the 2023 revision. Prior to this, the 2017 revision set the guideline value at Rs 2,345 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the historical data only reflects the changes from 2017 to 2024, with no earlier figures impacting the current valuation.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,500 per sq.ft, placing Sterling Little Flowers above this median.

• Sri Venkateshwara Nagar Extn.: Rs 1,200 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 1,200 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,500 per sq.ft (2024)
• Sri Valli Nagar: Rs 1,500 per sq.ft (2024)
• Suresh Avenue: Rs 1,500 per sq.ft (2024)
• Sri Sangara Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sterling Little Flowers

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, resulting in a total cost of Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sterling Little Flowers?

The Sub Registrar Office that covers Sterling Little Flowers is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sterling Little Flowers?

The current guideline value of Sterling Little Flowers is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 3,500 per sq.ft in 2024. The 2023 revision also maintained this value, showing no change from the previous year.

What is the land classification for Sterling Little Flowers?

The land classification for Sterling Little Flowers is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the other streets in Nandhivaram and their guideline values?

Other streets in Nandhivaram include Sri Venkateshwara Nagar Extn. and Sri Venkateshwara Nagar, both at Rs 1,200 per sq.ft, and Sri Vari Nagar, Sri Valli Nagar, and Suresh Avenue at Rs 1,500 per sq.ft. Sri Sangara Avenue is valued at Rs 1,000 per sq.ft.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.