Guideline Value for Siva Vishnu Garden

Siva Vishnu Garden guideline value

The current guideline value of Siva Vishnu Garden, located in Venkadu village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Siva Vishnu Garden has changed

The guideline value for Siva Vishnu Garden has seen several revisions over the years. In 2007, the value was Rs 20 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 1400% increase. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, a reduction of 33%. The value then rose to Rs 300 per sq.ft in 2023, remaining unchanged in the 2024 revision, indicating a 0% change between these two years.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1400%.

Guideline values in Venkadu

In Venkadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 471 per sq.ft, with the median value being Rs 300 per sq.ft. The guideline value for Siva Vishnu Garden aligns with this median.

• Sree Bhuvaneswari Nagar: Rs 300 per sq.ft (2024)
• Shanthi Nagar: Rs 300 per sq.ft (2024)
• Royal Farms: Rs 310 per sq.ft (2024)
• Thulukkanathamman Koil Street: Rs 300 per sq.ft (2024)
• Pooja Avenue: Rs 300 per sq.ft (2024)
• P.G.Road: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Vishnu Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 information on fees.

Which Sub Registrar Office covers Siva Vishnu Garden?

The Siva Vishnu Garden area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

When buying or selling property in Venkadu, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the applicable stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations and aids in the accurate assessment of property transactions. It is advisable to consult the latest figures to ensure proper financial planning during property dealings.

Frequently asked questions

What is the current guideline value of Siva Vishnu Garden?

The current guideline value of Siva Vishnu Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 20 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017, and remaining at Rs 300 per sq.ft in 2023 and 2024.

What are the stamp duty rates for properties in Siva Vishnu Garden?

The stamp duty for properties in Siva Vishnu Garden is calculated at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Siva Vishnu Garden?

The Sriperumpudur Sub Registrar Office handles registrations for Siva Vishnu Garden, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the classification of land in Siva Vishnu Garden?

Siva Vishnu Garden is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.