Guideline Value for SABARISH GARDEN

Sabarish Garden guideline value

The current guideline value of Sabarish Garden is Rs 350 per sq.ft. This area is located in Thozhuvur village, under the Tiruvallur Joint 1 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 the 2012 revision, the guideline value was set at Rs 350 per sq.ft. However, in the 2017 revision, it decreased to Rs 234 per sq.ft, reflecting a change of -33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back to Rs 350 per sq.ft, which is a 50% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 350 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific guideline values available for other streets in Thozhuvur. Sabarish Garden is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sabarish Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 detailed calculations.

Which Sub Registrar Office covers Sabarish Garden?

The Sabarish Garden area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thozhuvur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. 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 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 350 per sq.ft, dropping to Rs 234 per sq.ft in 2017, and returning to Rs 350 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Sabarish Garden?

The stamp duty for properties in Sabarish Garden is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 31,500.

Which Sub Registrar Office covers Sabarish Garden?

Sabarish Garden falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no specific guideline values available for other streets in Thozhuvur. Sabarish Garden is the only street mentioned under the Tiruvallur Joint 1 SRO.