Guideline Value for Sri Seshadri Garden Pasupathi Nagar

Sri Seshadri Garden Pasupathi Nagar guideline value

The current guideline value of Sri Seshadri Garden Pasupathi 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, classified as Residential Special Type - I.

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

The guideline value for Sri Seshadri Garden Pasupathi Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this rate, showing no change from the previous year, resulting in an overall increase of 49% from the 2017 figure to the current value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The consistent value of Rs 400 per sq.ft from 2023 to 2024 indicates stability in the guideline value after significant growth from 2017 to 2023.

Guideline values in Palur-A

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

• Sri Seshadri Garden Guna 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 Pasupathi Nagar

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

You can find more information through the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Seshadri Garden Pasupathi Nagar?

The Sub Registrar Office that covers Sri Seshadri Garden Pasupathi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 Palur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Palur-A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When engaging in a property transaction, buyers and sellers must consider the guideline value to understand the financial implications of their deal. Accurate knowledge of the guideline value helps in planning the necessary budget for registration and other associated costs.

Frequently asked questions

What is the current guideline value for Sri Seshadri Garden Pasupathi Nagar?

The current guideline value for Sri Seshadri Garden Pasupathi 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, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to the current value.

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

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

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office can be found at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Sri Seshadri Garden Pasupathi Nagar.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at a rate of 7%.