Guideline Value for Shiva Garden

Shiva Garden guideline value

The current guideline value of Shiva Garden, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - III land classification.

How the guideline value of Shiva Garden has changed

The guideline value for Shiva Garden has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, but then saw a decrease to Rs 871 per sq.ft in 2017. The value rose again to Rs 1,300 per sq.ft in 2023, and currently stands at Rs 1,400 per sq.ft as of the 2024 revision. The changes between these revisions include an increase of 225% from 2007 to 2012, a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and an increase of 8% from 2023 to 2024.

It is important to note that the register has no figures for this street in 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Shiva Garden is below this median.

• Shoba Nagar: Rs 2,700 per sq.ft (2024)
• Shanthipuram DRR Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram Asiriyar Arunachalam Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 4th Cross Road: Rs 2,700 per sq.ft (2024)
• Shanthipuram 4nd Street: Rs 2,700 per sq.ft (2024)
• Shanthipuram 3rd Cross Road: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Shiva Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Shiva Garden?

The Sub Registrar Office that covers Shiva Garden is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration of property transactions in Thirumullaivoyal. 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 based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Shiva Garden?

The current guideline value of Shiva Garden is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 250% over the years.

What is the land classification for Shiva Garden?

Shiva Garden falls under the Residential Class III Type - III land classification.

What are the stamp duty and registration fees for property transactions?

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

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

The Sub Registrar Office for Shiva Garden is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.