Guideline Value for Sri Seshadri Garden Theru

Sri Seshadri Garden Theru guideline value

The current guideline value of Sri Seshadri Garden Theru is Rs 1,650 per sq.ft, effective from 1 July 2024. This locality is situated in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sri Seshadri Garden Theru has changed

Over the years, the guideline value of Sri Seshadri Garden Theru has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and finally, it rose to Rs 1,650 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Sri Seshadri Garden Theru's 2024 figure below this median.

• Sri Sri Enclave: Rs 2,310 per sq.ft (2024)
• Sri Sathya Nagar: Rs 2,310 per sq.ft (2024)
• Sri Saraswathi Avenue: Rs 2,750 per sq.ft (2024)
• Sri Sanjay Garden: Rs 2,310 per sq.ft (2024)
• Sri Ram Properties: Rs 4,290 per sq.ft (2024)
• S.R.S. Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Seshadri Garden Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Seshadri Garden Theru?

The Sub Registrar Office that covers Sri Seshadri Garden Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When buying or selling property, both the buyer and seller must be aware of the current guideline value, as it affects the financial obligations associated with the transaction. It is advisable to consult the latest guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Seshadri Garden Theru?

The current guideline value of Sri Seshadri Garden Theru is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification of Sri Seshadri Garden Theru?

Sri Seshadri Garden Theru is classified as Residential Class IV Type - II. This classification indicates the type of development permissible in the area.

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

The Sub Registrar Office for Sri Seshadri Garden Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Sri Seshadri Garden Theru?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,15,500.