Guideline Value for S.D.GARDEN

S.D.Garden guideline value

The current guideline value of S.D.Garden in Kizhottivakkam village is Rs 750 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Special Type - I.

How the guideline value of S.D.Garden has changed

The guideline value for S.D.Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, a significant increase from Rs 502 per sq.ft established in the 2023 revision. Notably, the 2017 revision also recorded the same value of Rs 502 per sq.ft, indicating no change during that period. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 49%. Overall, comparing the figures from 2017 to 2024, there has been a 49% increase in the guideline value, reflecting the adjustment in property values over this period.

Guideline values in Kizhottivakkam

In Kizhottivakkam, there are 12 streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 750 per sq.ft. The median guideline value for these streets is Rs 510 per sq.ft, placing S.D.Garden's 2024 figure above that median.

• Sai Nagar: Rs 350 per sq.ft (2024)
• Ram Balaji Nagar: Rs 520 per sq.ft (2024)
• Subhedar M.E Selvaraj Gandhimadhi Nagar: Rs 350 per sq.ft (2024)
• Unnamed Layout-S.No:3/2d: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 750 per sq.ft (2024)
• Balu Garden -II: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in S.D.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.D.Garden?

The S.D.Garden area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Kizhottivakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the current market conditions and property values.

Frequently asked questions

What is the current guideline value of S.D.Garden?

The current guideline value of S.D.Garden is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2023 to Rs 750 per sq.ft in 2024, marking a 49% increase. There was no change from 2017 to 2023, where the value remained at Rs 502 per sq.ft.

What are the other streets with guideline values in Kizhottivakkam?

Other streets in Kizhottivakkam include Sai Nagar, Ram Balaji Nagar, Subhedar M.E Selvaraj Gandhimadhi Nagar, Unnamed Layout-S.No:3/2d, Jayam Nagar, and Balu Garden -II, each with varying guideline values for 2024.

How is stamp duty calculated for properties in S.D.Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.

Where can I find the Sub Registrar Office for S.D.Garden?

The Sub Registrar Office covering S.D.Garden is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.