Guideline Value for Saralavathi Garden

Saralavathi Garden guideline value

The current guideline value of Saralavathi Garden is Rs 1,000 per sq.ft. This property is located in Sriperumbudur A village, under the jurisdiction of the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Saralavathi Garden has changed

Over the years, the guideline value of Saralavathi Garden has seen several revisions. The earliest recorded figure is from the 2017 revision, which set the guideline value at Rs 670 per sq.ft. This figure remained unchanged through the revisions of 2002, 2003, 2007, and 2012, as there are no figures available for those years. In the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft, which was maintained in the subsequent 2024 revision, showing no percentage change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 49%, resulting in the current value of Rs 1,000 per sq.ft in 2024, which reflects an overall increase of 49% from the 2017 figure. This consistent growth indicates a significant adjustment in property values in this area over the past years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Saralavathi Garden's 2024 figure above this median.

• Sarala Nagar: Rs 700 per sq.ft (2024)
• Saralavathi Nagar: Rs 700 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Santhi Avenue: Rs 800 per sq.ft (2024)
• Sannathi Street: Rs 700 per sq.ft (2024)
• Sarojini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Saralavathi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty charged at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Therefore, the total cost for these fees together would be Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Saralavathi Garden?

The Sub Registrar Office that covers Saralavathi Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these fees are based on a standardized valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of Saralavathi Garden?

The current guideline value of Saralavathi Garden is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 and 2024, reflecting a 49% increase overall during this period.

What is the land classification for Saralavathi Garden?

Saralavathi Garden is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 90,000.

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

The Sub Registrar Office for Saralavathi Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.