Guideline Value for SUNDARAM GARDEN

Sundaram Garden guideline value

The current guideline value of Sundaram Garden, located in Seevaadi village under the Madurandakam SRO, is Rs 200 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sundaram Garden has changed

The guideline value for Sundaram Garden has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision where it was adjusted to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Seevaadi

In Seevaadi, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 151 per sq.ft, placing Sundaram Garden's 2024 figure above this median.

• Varsha Garden: Rs 121 per sq.ft (2024)
• Sai Nagar: Rs 100 per sq.ft (2024)
• Royal City: Rs 200 per sq.ft (2024)
• Pragathi Garden: Rs 150 per sq.ft (2024)
• Mkm City: Rs 151 per sq.ft (2024)
• Family Park: Rs 151 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Sundaram Garden?

The Sub Registrar Office that covers Sundaram Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Seevaadi. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as set by the government.

When a property is sold, the guideline value is used to calculate the applicable charges, which are based on the higher of the guideline value or the actual sale price. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sundaram Garden?

The current guideline value of Sundaram Garden is Rs 200 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024, showing no overall change from 2012 to 2024.

What is the land classification for Sundaram Garden?

The land classification for Sundaram Garden is Mixed Type - II, which indicates the type of development permissible in the area.

What are the other streets in Seevaadi with their guideline values?

Other streets in Seevaadi include Varsha Garden at Rs 121 per sq.ft, Sai Nagar at Rs 100 per sq.ft, Royal City at Rs 200 per sq.ft, Pragathi Garden at Rs 150 per sq.ft, Mkm City at Rs 151 per sq.ft, and Family Park at Rs 151 per sq.ft.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7% and a registration fee of Rs 4,000 at 2%, totaling Rs 18,000.