Guideline Value for Sri Devi Teak Garden

Sri Devi Teak Garden guideline value

The current guideline value for Sri Devi Teak Garden is Rs 181 per sq.ft, effective from 1 July 2024. This property is located in Nandimedu village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Devi Teak Garden has changed

The guideline value for Sri Devi Teak Garden has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 180 per sq.ft in 2012, before dropping to Rs 121 per sq.ft in 2017. The value remained at Rs 181 per sq.ft in both the 2023 and 2024 revisions, indicating no change from the previous year.

From 2007 to 2012, the guideline value increased by 260%. However, between 2017 and 2023, there was a 50% increase. Overall, from 2007 to 2024, the guideline value has risen by 262%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Nandimedu

In Nandimedu, there are 10 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 191 per sq.ft. The guideline value for Sri Devi Teak Garden is below this median.

• Puthu Theru: Rs 250 per sq.ft (2024)
• Pillaiyar koil street: Rs 200 per sq.ft (2024)
• Perumal koil street: Rs 200 per sq.ft (2024)
• Periya Theru: Rs 250 per sq.ft (2024)
• Pallikuda Theru: Rs 250 per sq.ft (2024)
• Mariamman koil street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Teak Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, making the total cost for these charges Rs 16,290. 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 details.

Which Sub Registrar Office covers Sri Devi Teak Garden?

The Sri Devi Teak Garden falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Nandimedu. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for any property transfer. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value for Sri Devi Teak Garden?

The current guideline value for Sri Devi Teak Garden is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 181 per sq.ft in 2024, reflecting an overall increase of 262% over this period.

What are the stamp duty and registration fees for a property in Sri Devi Teak Garden?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total charges would be Rs 16,290.

Which Sub Registrar Office covers Sri Devi Teak Garden?

The Sunguvarchattram Sub Registrar Office covers Sri Devi Teak Garden, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value determined for properties in Nandimedu?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market conditions. It is periodically revised to reflect changes in the real estate landscape.