Guideline Value for SURIYA NARAYANA GARDEN PHASE I

Suriya Narayana Garden Phase I guideline value

The current guideline value of Suriya Narayana Garden Phase I is Rs 2,475 per sq.ft, effective from 1 July 2024. This property is located in Cheranancheri village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Suriya Narayana Garden Phase I has changed

The guideline value for Suriya Narayana Garden Phase I has undergone several revisions over the years. The 2023 revision set the value at Rs 2,250 per sq.ft, while the latest 2024 revision increased it to Rs 2,475 per sq.ft, reflecting a change of +10%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has seen an increase from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024. This increase indicates a significant change in the valuation of properties in this area.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Suriya Narayana Garden Phase I is above this median, highlighting its relative value in the locality.

• Suriya Narayana Garden: Rs 1,760 per sq.ft (2024)
• Suvarna Bhoomi: Rs 2,475 per sq.ft (2024)
• Thanthai Periyar Street: Rs 1,300 per sq.ft (2024)
• Sri Srinivasa Garden Extn Phase-II: Rs 440 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 330 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Narayana Garden Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value is Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total cost to Rs 2,22,750. 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 more details.

Which Sub Registrar Office covers Suriya Narayana Garden Phase I?

The Suriya Narayana Garden Phase I is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Cheranancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it affects the overall transaction costs. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Suriya Narayana Garden Phase I?

The current guideline value of Suriya Narayana Garden Phase I is Rs 2,475 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,250 per sq.ft in 2023 to Rs 2,475 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Suriya Narayana Garden Phase I?

The land classification for Suriya Narayana Garden Phase I is Residential Special Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250 and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Where is the Sub Registrar Office for Suriya Narayana Garden Phase I located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.