Guideline Value for SABA GARDEN

Saba Garden guideline value

The current guideline value of Saba Garden is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Saba Garden has changed

The guideline value for Saba Garden has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 400 per sq.ft. The most recent revision in 2024 maintained this value, showing no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value increased by 49% as well. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 150 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, which is equal to the current value of Saba Garden.

• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Samuthuva Nagar: Rs 500 per sq.ft (2024)
• Sapthagiri Avenue: Rs 400 per sq.ft (2024)
• Raju Royal Garden Extn: Rs 600 per sq.ft (2024)
• Raju Royal Garden: Rs 400 per sq.ft (2024)
• Rail Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Saba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Saba Garden?

The Sub Registrar Office that covers Saba Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor in the registration process of property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Saba Garden?

The current guideline value of Saba Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Palur-A with their guideline values?

Other streets in Palur-A include Sai Linga Nagar and Sapthagiri Avenue at Rs 400 per sq.ft, Samuthuva Nagar at Rs 500 per sq.ft, Raju Royal Garden at Rs 400 per sq.ft, Raju Royal Garden Extn at Rs 600 per sq.ft, and Rail Nagar at Rs 600 per sq.ft.

Where can I find the Sub Registrar Office for Saba Garden?

The Sub Registrar Office for Saba Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Saba Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.