Guideline Value for Sri Isvaryam Garden

Sri Isvaryam Garden guideline value

The current guideline value of Sri Isvaryam Garden, located in Kunduperumpedu village, is Rs 300 per sq.ft. This value is set by the Sriperumpudur SRO and is classified under Residential Special Type - I.

How the guideline value of Sri Isvaryam Garden has changed

Over the years, the guideline value for Sri Isvaryam Garden has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the following 2017 revision. However, the 2017 figure of Rs 201 per sq.ft represented a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 49% to reach Rs 300 per sq.ft, which was maintained in the 2024 revision.

The register has no figure for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 300 per sq.ft.

Guideline values in Kunduperumpedu

Kunduperumpedu village has 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Sri Isvaryam Garden is above this median.

• Sri Moogambikai Nagar: Rs 250 per sq.ft (2024)
• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)
• Sky city: Rs 200 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Shriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Selvam Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Isvaryam 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Isvaryam Garden?

The Sri Isvaryam Garden area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Kunduperumpedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is in line with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Isvaryam Garden?

The current guideline value of Sri Isvaryam 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 remained at Rs 300 per sq.ft for the revisions in 2012, 2023, and 2024. There was a decrease to Rs 201 per sq.ft in 2017, which was an increase of 49% from that figure to Rs 300 per sq.ft in 2023.

What is the land classification for Sri Isvaryam Garden?

Sri Isvaryam Garden is classified under Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Isvaryam Garden?

The Sub Registrar Office covering Sri Isvaryam Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Sri Isvaryam Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%, along with a registration fee of Rs 6,000 at 2%, totaling Rs 27,000 in fees.