Guideline Value for Sowndari garden

Sowndari garden guideline value

The current guideline value of Sowndari garden is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Vallam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sowndari garden has changed

In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 600 per sq.ft. The current 2024 revision maintains this rate at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 79%, and the overall change from 2017 to 2024 is also a 79% increase. The 2023 to 2024 revision shows no percentage change, remaining stable at Rs 600 per sq.ft.

Guideline values in Vallam_B

Vallam_B village has a total of 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sowndari garden's 2024 figure above that median.

• Sornambiga Nagar: Rs 400 per sq.ft (2024)
• Sri Arabindo Nagar (Vasantham Nature City): Rs 200 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sri Devi Nagar: Rs 150 per sq.ft (2024)
• Sri Ram Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sowndari garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sowndari garden?

The Sub Registrar Office that covers Sowndari 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 Vallam_B

The guideline value serves as a benchmark for property transactions in Vallam_B, determining the minimum value at which a property can be registered. When buying or selling property, this value is essential for calculating stamp duty and registration fees.

During the registration process, the guideline value is compared against the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sowndari garden?

The current guideline value of Sowndari garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sowndari garden has seen a 79% increase from Rs 335 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and 2024. There was no change from 2023 to 2024.

What is the land classification for Sowndari garden?

Sowndari garden is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sowndari garden?

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

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be 7% of that amount.