Guideline Value for SriDevi Teak Garden

SriDevi Teak Garden guideline value

The current guideline value of SriDevi Teak Garden is Rs 200 per sq.ft. It is located in Podavoor village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of SriDevi Teak Garden has changed

The guideline value for SriDevi Teak Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision at Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, returning to Rs 200 per sq.ft. The 2024 revision also maintains this value at Rs 200 per sq.ft, reflecting no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Podavoor

In Podavoor village, there are 20 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 181 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, indicating that the guideline value of SriDevi Teak Garden is below this median.

• SriDevi Green Farms: Rs 200 per sq.ft (2024)
• Thiyagaraj Nagar: Rs 500 per sq.ft (2024)
• Thulukanathamman Street: Rs 181 per sq.ft (2024)
• Ponjothi Garden: Rs 500 per sq.ft (2024)
• well Street: Rs 181 per sq.ft (2024)
• Padavattamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in SriDevi Teak Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SriDevi Teak Garden?

The Sub Registrar Office covering SriDevi Teak Garden is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Podavoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SriDevi Teak Garden?

The current guideline value of SriDevi Teak Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Podavoor?

Other streets in Podavoor have varying guideline values, ranging from Rs 181 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in SriDevi Teak Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 2,00,000. The stamp duty is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for SriDevi Teak Garden located?

The Sub Registrar Office for SriDevi Teak Garden is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.