Guideline Value for Sri Sudharshana Garden

Sri Sudharshana Garden guideline value

The current guideline value of Sri Sudharshana Garden is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Avaloor village, under the Walajabad SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sri Sudharshana Garden has changed

Over the years, the guideline value for Sri Sudharshana Garden has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with a median of Rs 200 per sq.ft. The guideline value for Sri Sudharshana Garden is below this median.

• S.S Nagar: Rs 200 per sq.ft (2024)
• Sss Nagar: Rs 180 per sq.ft (2024)
• Sudharson Garden: Rs 200 per sq.ft (2024)
• Sri Balaganapathy Garden: Rs 300 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sudharshana Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 details.

Which Sub Registrar Office covers Sri Sudharshana Garden?

The Sub Registrar Office that covers Sri Sudharshana Garden is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Avaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sudharshana Garden?

The current guideline value of Sri Sudharshana Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What are the guideline values of other streets in Avaloor?

Other streets in Avaloor have varying guideline values ranging from Rs 100 to Rs 450 per sq.ft. For example, S.S Nagar is valued at Rs 200 per sq.ft, while Sri Balaganapathy Garden has a value of Rs 300 per sq.ft.

How is stamp duty calculated for properties in Sri Sudharshana Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%, along with a registration fee of Rs 3,000 at 2%.

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

The Walajabad Sub Registrar Office covers Sri Sudharshana Garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.