Guideline Value for SABA GANESH GARDEN

Saba Ganesh Garden guideline value

The current guideline value of Saba Ganesh Garden, located in Karapakkam village under the Neelankarai SRO, is Rs 3,000 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Saba Ganesh Garden has changed

The guideline value of Saba Ganesh Garden has undergone several revisions over the years. The 2012 revision set the rate at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has raised it to Rs 3,000 per sq.ft. Notably, the register has no figure for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 reflects a 20% increase.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, making Saba Ganesh Garden's 2024 figure of Rs 3,000 per sq.ft above this median.

• Sadagopan Street: Rs 2,200 per sq.ft (2024)
• SADAGOPAN STREET 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• River View Residency: Rs 3,300 per sq.ft (2024)
• River View Housing Co-Op Society: Rs 3,300 per sq.ft (2024)
• River Side Infrastructure Pvt Ltd.,: Rs 3,300 per sq.ft (2024)
• Saminanayakkan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Saba Ganesh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. 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 Saba Ganesh Garden?

The Saba Ganesh Garden is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Karapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. It is essential for both parties to consult the latest guideline values to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Saba Ganesh Garden?

The current guideline value of Saba Ganesh Garden is Rs 3,000 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 3,000 per sq.ft in 2024.

What is the land classification for Saba Ganesh Garden?

Saba Ganesh Garden is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Saba Ganesh Garden?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 30,00,000, the stamp duty at 7% would be Rs 2,10,000.