Guideline Value for SURYA GARDEN

Surya Garden guideline value

The current guideline value of Surya Garden, located in Nemam village under the Avadi SRO, is Rs 551 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Surya Garden has changed

The guideline value for Surya Garden has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from the 2023 revision, which was Rs 502 per sq.ft, and the 2024 revision, which is Rs 551 per sq.ft. This represents a change of +10% from the previous year.

In summary, the guideline value increased from Rs 502 per sq.ft in 2023 to Rs 551 per sq.ft in 2024. The 2024 figure is below the median of Rs 740 per sq.ft for the 14 streets in Nemam that also have a 2024 guideline value.

Guideline values in Nemam

In Nemam, the guideline values for various streets range from Rs 330 to Rs 1,590 per sq.ft, with the median value being Rs 740 per sq.ft. Surya Garden's 2024 figure of Rs 551 per sq.ft is below this median. The following are the guideline values for other streets in Nemam:

• Sri Srinivasa Nagar: Rs 1,050 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 440 per sq.ft (2024)
• Rajalakshmi Enclave Phase - II: Rs 550 per sq.ft (2024)
• Rajalakshmi Enclave Phase I: Rs 360 per sq.ft (2024)
• Radha Nagar: Rs 710 per sq.ft (2024)
• Ms Smart City: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020. Together, the total fees would be Rs 49,590. It is important to note that the 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 information.

Which Sub Registrar Office covers Surya Garden?

The Sub Registrar Office that covers Surya Garden is the Avadi Sub Registrar Office. The address is 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 Nemam

The guideline value plays a crucial role during the registration process of property transactions in Nemam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Surya Garden?

The current guideline value of Surya Garden is Rs 551 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 502 per sq.ft in 2023 to Rs 551 per sq.ft in 2024, reflecting a change of +10%.

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

In Nemam, other streets have varying guideline values ranging from Rs 330 to Rs 1,590 per sq.ft. For example, Sri Srinivasa Nagar is Rs 1,050 per sq.ft, while Rajalakshmi Nagar is Rs 440 per sq.ft.

How are stamp duty and registration fees calculated in Surya Garden?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Surya Garden?

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