Guideline Value for ARR CITY SABARISH GARDEN

Arr City Sabarish Garden guideline value

The current guideline value of Arr City Sabarish Garden is Rs 165 per sq.ft, effective from 1 July 2024. This property is located in Vazhuthigaimedu village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Arr City Sabarish Garden has changed

Over the years, the guideline value for Arr City Sabarish Garden has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which then decreased to Rs 100 per sq.ft in the 2017 revision. Following this, the value increased to Rs 150 per sq.ft in the 2023 revision, and finally, it rose to Rs 165 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 50%. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, there has been a modest increase of 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Vazhuthigaimedu

In Vazhuthigaimedu, there are four streets under the Thiruvottiyur SRO that carry a 2024 guideline value of Rs 165 per sq.ft. The median value for these streets is also Rs 165 per sq.ft, placing Arr City Sabarish Garden at the same level as the median.

• Kasturi Nagar: Rs 165 per sq.ft (2024)
• Prince Avenue: Rs 165 per sq.ft (2024)
• Sri Sankara Velvan Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Arr City Sabarish Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total fees together to Rs 14,850. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Arr City Sabarish Garden?

The Sub Registrar Office that covers Arr City Sabarish Garden is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

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

During the registration process, the guideline value ensures that the property is valued fairly based on the prevailing rates in the area. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Arr City Sabarish Garden?

The current guideline value of Arr City Sabarish Garden is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 150 per sq.ft in 2012, decreasing to Rs 100 per sq.ft in 2017, then increasing to Rs 150 per sq.ft in 2023, and finally reaching Rs 165 per sq.ft in 2024.

What are the other streets in Vazhuthigaimedu with the same guideline value?

Other streets in Vazhuthigaimedu with a guideline value of Rs 165 per sq.ft include Kasturi Nagar, Prince Avenue, and Sri Sankara Velvan Nagar.

What fees are associated with buying property in Arr City Sabarish Garden?

When buying property in Arr City Sabarish Garden, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Arr City Sabarish Garden?

The Thiruvottiyur Sub Registrar Office, which covers Arr City Sabarish Garden, is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.