Guideline Value

Corporate

Guideline Value for Savithiri Garden

₹1700/sq.ft.

The guideline value for Savithiri Garden in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Savithiri Garden

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Savithiri Garden guideline value

The current guideline value of Savithiri Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Savithiri Garden has changed

The guideline value for Savithiri Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft. Following this, the 2024 revision increased the value significantly to Rs 1,700 per sq.ft, marking a change of +69% from the previous revision.

There are no figures available for the revisions in the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only relevant figures are from the 2017 and 2024 revisions.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Savithiri Garden's 2024 figure below that median.

Stamp duty and registration fee for property in Savithiri Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Savithiri Garden?

The Sub Registrar Office that covers Savithiri Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum price at which a property can be registered.

When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Savithiri Garden?

The current guideline value of Savithiri Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, representing a +69% increase. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values. For example, School Cross Street and School Road both have a value of Rs 3,300 per sq.ft, while School Road (Near Kuppam) is valued at Rs 1,700 per sq.ft.

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

The stamp duty for a property valued at Rs 17,00,000 in Savithiri Garden would be Rs 1,19,000, with a registration fee of Rs 34,000, totaling Rs 1,53,000. This is calculated based on the current guideline value.

Which Sub Registrar Office covers Savithiri Garden?

The Neelankarai Sub Registrar Office covers Savithiri Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.