Guideline Value for Sri Seshadri Garden Guna Nagar

Sri Seshadri Garden Guna Nagar guideline value

The current guideline value of Sri Seshadri Garden Guna Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village under the Chengleput Joint II SRO, and it is classified as Residential Special Type - I.

How the guideline value of Sri Seshadri Garden Guna Nagar has changed

The guideline value for Sri Seshadri Garden Guna Nagar has undergone several revisions over the years. The most recent revisions show that the guideline value was Rs 400 per sq.ft in both 2023 and the current 2024 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

When looking at the changes, there has been no increase from 2023 to 2024, maintaining a rate of Rs 400 per sq.ft. However, there was a significant increase of 49% from 2017 to 2023, and overall, from 2017 to 2024, the increase is also 49%.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Sri Seshadri Garden Guna Nagar.

• Sri Seshadri Garden Pasupathi Nagar: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden Extn-I: Rs 501 per sq.ft (2024)
• Sri Srinivasa Avenue Part-I: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-II: Rs 400 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Seshadri Garden Guna Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It's important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Seshadri Garden Guna Nagar?

The Sub Registrar Office that covers Sri Seshadri Garden Guna Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is crucial during the registration process when buying or selling property in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Sri Seshadri Garden Guna Nagar?

The current guideline value of Sri Seshadri Garden Guna Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024. It increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Sri Seshadri Garden Guna Nagar?

Sri Seshadri Garden Guna Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Seshadri Garden Guna Nagar?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Sri Seshadri Garden Guna Nagar.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 36,000.