Guideline Value for SABARISH GARDEN

Sabarish Garden guideline value

The current guideline value of Sabarish Garden in Vilangadupakkam village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Sabarish Garden has changed

The guideline value for Sabarish Garden has undergone several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which decreased to Rs 268 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 400 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 440 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Sabarish Garden.

• Sai Avenue: Rs 747 per sq.ft (2024)
• Sakthi Nagar: Rs 440 per sq.ft (2024)
• Revathi Nagar: Rs 440 per sq.ft (2024)
• R.C. Blooming Garden: Rs 1,200 per sq.ft (2024)
• Sangeetha Nagar: Rs 770 per sq.ft (2024)
• Sapthagirivasa Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sabarish Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total fees together Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sabarish Garden?

The Sub Registrar Office that covers Sabarish Garden is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your specific SRO, you can visit find your SRO.

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

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

When a property is sold, the sale price or the guideline value, whichever is higher, is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sabarish Garden?

The current guideline value of Sabarish Garden is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the other streets in Vilangadupakkam with their guideline values?

Some other streets in Vilangadupakkam include Sai Avenue at Rs 747 per sq.ft, Sakthi Nagar at Rs 440 per sq.ft, and R.C. Blooming Garden at Rs 1,200 per sq.ft for 2024.

What is the stamp duty for property in Sabarish Garden?

The stamp duty for property in Sabarish Garden is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 30,800.

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

The Sub Registrar Office for Sabarish Garden is the Redhills Sub Registrar Office located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.