Guideline Value for Sri Surya Garden

Sri Surya Garden guideline value

The current guideline value of Sri Surya Garden is Rs 800 per sq.ft. This area is located in Ponmar village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Surya Garden has changed

Looking at the revisions, the guideline value for Sri Surya Garden was Rs 800 per sq.ft in the 2012 revision, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, it decreased to Rs 536 per sq.ft, marking a decline of 33%. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 800 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific guideline values provided for other streets in Ponmar. Sri Surya Garden is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Surya Garden

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty is charged at 7%, amounting to Rs 56,000, and the registration fee is charged at 2%, which totals Rs 16,000. Together, these fees amount to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Surya Garden?

The Sub Registrar Office that covers Sri Surya Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

When buying or selling property in Ponmar, the guideline value plays a crucial role in determining the registration fees. The guideline value is used as a benchmark to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of the transaction. This value is particularly important during the registration process at the Sub Registrar Office, where the fees are calculated based on it.

Frequently asked questions

What is the current guideline value of Sri Surya Garden?

The current guideline value of Sri Surya Garden is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 536 per sq.ft in the 2017 revision from Rs 800 per sq.ft in 2012, followed by an increase back to Rs 800 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Sri Surya Garden?

For a property valued at Rs 8,00,000, the stamp duty is Rs 56,000 and the registration fee is Rs 16,000, making the total Rs 72,000. This is calculated based on the guideline value.

Which Sub Registrar Office handles registrations for Sri Surya Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Sri Surya Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202.

Is there a guideline value for other streets in Ponmar?

Currently, there are no specific guideline values provided for other streets in Ponmar. Sri Surya Garden is the only street mentioned under the Gooduvancheri SRO.