Guideline Value for SURITHI GARDEN

Surithi Garden guideline value

The current guideline value of Surithi Garden in Sengundram - 1 village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Surithi Garden has changed

The guideline value for Surithi Garden has seen notable changes over the years. The register does not provide figures for the revisions in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased by 10% to Rs 1,320 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values over time. The latest revision in 2024 marks a significant step from the previous year's figure, indicating a shift in the valuation for properties in this area.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, placing Surithi Garden's value above this median.

• Swamidass Nagar (Chen): Rs 770 per sq.ft (2024)
• Tank Street (Chen): Rs 660 per sq.ft (2024)
• Sun City: Rs 1,320 per sq.ft (2024)
• Thatchab Avenue (Chen): Rs 770 per sq.ft (2024)
• Thilakar Street (Chen): Rs 660 per sq.ft (2024)
• Thilakar V O C Nagar (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Surithi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total costs together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surithi Garden?

The Sub Registrar Office that covers Surithi Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value serves as a benchmark for property transactions in Sengundram - 1. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

During the registration process, the guideline value is considered alongside the sale price to determine the higher amount, which is then subject to the relevant duties. This helps maintain transparency and compliance in property transactions.

Frequently asked questions

What is the current guideline value of Surithi Garden?

The current guideline value of Surithi Garden is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Surithi Garden?

Surithi Garden is classified as Residential Special Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Surithi Garden located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Surithi Garden.