Guideline Value for Sri vishnu gardens

Sri vishnu gardens guideline value

The current guideline value of Sri Vishnu Gardens in Santhavellur village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Commercial Class I Type - III.

How the guideline value of Sri vishnu gardens has changed

The guideline value for Sri Vishnu Gardens has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. This remained unchanged until the 2023 revision, which also listed the value at Rs 600 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,800 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Sri Vishnu Gardens above this median value.

• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Sastha Nagar: Rs 1,046 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sunguvarchitram Walajabad Main Road: Rs 1,750 per sq.ft (2024)
• Sri Ramanujar Nagar: Rs 600 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Sri vishnu gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, charged at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000. Therefore, the total fees would be Rs 54,000. It is important to note that 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 vishnu gardens?

The Sri Vishnu Gardens is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Santhavellur, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used as a basis for these calculations, ensuring that the fees reflect the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. The registration process requires adherence to these values, making it important for all parties involved to stay informed.

Frequently asked questions

What is the current guideline value of Sri Vishnu Gardens?

The current guideline value of Sri Vishnu Gardens is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 600 per sq.ft from 2023 to 2024.

What is the land classification of Sri Vishnu Gardens?

Sri Vishnu Gardens is classified as Commercial Class I Type - III.

Where can I find the registration office for Sri Vishnu Gardens?

The registration office for Sri Vishnu Gardens is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

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 Rs 600 per sq.ft incurs a total guideline value of Rs 6,00,000, leading to specific fees based on this amount.