Guideline Value for Blue Saghar

Blue Saghar guideline value

The current guideline value of Blue Saghar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village under the Padappai SRO, classified as Residential Class IV Type - II.

How the guideline value of Blue Saghar has changed

The guideline value for Blue Saghar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,650 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. The transition from 2023 to 2024 reflects a 10% increase. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value for Blue Saghar is below this median.

• Buddar Street: Rs 2,970 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Casa Grande: Rs 2,640 per sq.ft (2024)
• Bharathi Nagar Main Road: Rs 3,960 per sq.ft (2024)
• Bharathi Nagar Extn: Rs 2,970 per sq.ft (2024)
• Bharathi Nagar: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Saghar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to 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 Blue Saghar?

The Sub Registrar Office that covers Blue Saghar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties agree on a fair price for the transaction. It is essential to be aware of the current guideline value to understand the financial implications of the sale, including the applicable fees and duties.

Frequently asked questions

What is the current guideline value of Blue Saghar?

The current guideline value of Blue Saghar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Blue Saghar?

Blue Saghar is classified as Residential Class IV Type - II under the Padappai SRO.

What are the stamp duty and registration fees for property in Blue Saghar?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Where is the Sub Registrar Office for Blue Saghar located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.