Guideline Value for THIRU SAI GARDEN

Thiru Sai Garden guideline value

The current guideline value of Thiru Sai Garden, located in Nayakkankuppam village under the Walajabad SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Thiru Sai Garden has changed

Over the years, the guideline value for Thiru Sai Garden has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. However, the value increased significantly to Rs 250 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, resulting in a 50% increase from 2017 to 2023, with no change from 2023 to 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been 0%, indicating that the guideline value has not fluctuated significantly over this period despite the variations in earlier years. The 2024 value of Rs 250 per sq.ft is the same as the values recorded in 2023 and 2012, demonstrating stability in the guideline value for Thiru Sai Garden in recent years.

Guideline values in Nayakkankuppam

Nayakkankuppam village has 23 streets under the Walajabad SRO, with guideline values ranging from Rs 150 to Rs 403 per sq.ft as of 2024. The median guideline value for these streets is Rs 200 per sq.ft, placing Thiru Sai Garden's 2024 figure above this median.

• Tirumalai Nagar: Rs 250 per sq.ft (2024)
• Sri Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Township: Rs 150 per sq.ft (2024)
• Sri Ragavendira Nagar: Rs 250 per sq.ft (2024)
• Vishwapriya Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total cost of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiru Sai Garden?

The Thiru Sai Garden area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When buying or selling property, the transaction must reflect a value equal to or greater than the guideline value to avoid penalties. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thiru Sai Garden?

The current guideline value of Thiru Sai Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes occurring between 2012 and 2017, where it decreased to Rs 167 per sq.ft. Since then, it has remained stable at Rs 250 per sq.ft in the 2023 and 2024 revisions.

What is the median guideline value in Nayakkankuppam?

The median guideline value for the 23 streets in Nayakkankuppam is Rs 200 per sq.ft, with Thiru Sai Garden's value being above this median.

What are the stamp duty and registration fees for properties in Thiru Sai Garden?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which office handles registrations for Thiru Sai Garden?

The Walajabad Sub Registrar Office handles registrations for Thiru Sai Garden, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.