Guideline Value for Sri Sai Garden

Sri Sai Garden guideline value

The current guideline value of Sri Sai Garden in Keerapakkam village, under the Gooduvancheri SRO, is Rs 500 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Sai Garden has changed

The guideline value for Sri Sai Garden has undergone several changes over the years. In the 2012 revision, the value was Rs 500 per sq.ft. However, it saw a decrease in the 2017 revision, dropping to Rs 335 per sq.ft. The most recent revision in 2023 marked a significant increase, bringing the value back up to Rs 500 per sq.ft. Overall, from 2012 to 2023, the guideline value has remained unchanged.

From 2017 to 2023, the guideline value increased by 49%. Conversely, there was a decrease of 33% from 2012 to 2017. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures provided for Keerapakkam. Sri Sai Garden is one of the streets under the Gooduvancheri SRO, and there are no other streets in Keerapakkam listed.

Stamp duty and registration fee for property in Sri Sai Garden

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sai Garden?

The Sub Registrar Office that covers Sri Sai Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Keerapakkam

The guideline value is a crucial factor during the registration process when buying or selling property in Keerapakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. 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 Sri Sai Garden?

The current guideline value of Sri Sai Garden is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023. Overall, the value has remained unchanged from 2012 to 2023.

What is the stamp duty for property in Sri Sai Garden?

The stamp duty for property in Sri Sai Garden is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 35,000 at the current guideline value.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What land classification does Sri Sai Garden fall under?

Sri Sai Garden falls under the land classification of Residential Class I Type - II. This classification is important for understanding the zoning and permitted uses of the land.