Guideline Value for SURIYA NARAYANA GARDEN

Suriya Narayana Garden guideline value

The current guideline value of Suriya Narayana Garden, located in Cheranancheri village under the Avadi SRO, is Rs 1,760 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Suriya Narayana Garden has changed

The guideline value register has no figures for Suriya Narayana Garden for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 set the guideline value at Rs 1,760 per sq.ft. This is the first recorded figure for this street in the guideline value register.

Since there are no previous figures available for Suriya Narayana Garden, it is important to note that the 2024 revision represents the initial establishment of a guideline value for this street. Therefore, no changes have been recorded between revisions for this specific location.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Suriya Narayana Garden's 2024 figure above this median.

• Suriya Narayana Garden Phase I: Rs 2,475 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty, calculated at 7%, amounts to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suriya Narayana Garden?

The Suriya Narayana Garden area falls under 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 details.

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

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

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Suriya Narayana Garden?

The current guideline value of Suriya Narayana Garden is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no recorded figures for Suriya Narayana Garden in the guideline value register for the years 2023, 2017, 2012, 2007, 2003, and 2002. The 2024 revision is the first recorded figure for this street.

What is the median guideline value in Cheranancheri?

The median guideline value for the 31 streets in Cheranancheri is Rs 1,540 per sq.ft. Suriya Narayana Garden's 2024 figure is above this median.

What are the stamp duty and registration fees for property in Suriya Narayana Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would be Rs 1,58,400. This includes a stamp duty of Rs 1,23,200 and a registration fee of Rs 35,200.

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

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