Guideline Value for SABHARIS GARDEN -I

Sabharis Garden -I guideline value

The current guideline value of Sabharis Garden -I is Rs 165 per sq.ft. It is located in Nayar village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Sabharis Garden -I has changed

The guideline value for Sabharis Garden -I has undergone several revisions over the years. The earliest recorded figure is from 2017 at Rs 67 per sq.ft. This increased significantly to Rs 150 per sq.ft in the 2023 revision, marking a rise of 124%. The most recent revision in 2024 sets the guideline value at Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 146%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Nayar

In Nayar village, there are eight streets under the Ponneri SRO that carry the 2024 guideline value, all set at Rs 165 per sq.ft, with this street's figure equal to the median. The streets are as follows:

• Sri Balaji Nagar: Rs 165 per sq.ft (2024)
• Sri Varu Nagar: Rs 165 per sq.ft (2024)
• Green Park Avenue: Rs 165 per sq.ft (2024)
• Deepam Avenue: Rs 165 per sq.ft (2024)
• Bharathi Nagar Garden: Rs 165 per sq.ft (2024)
• Bharathi Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Sabharis Garden -I

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total cost to Rs 14,850. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sabharis Garden -I?

The Sub Registrar Office that covers Sabharis Garden -I is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nayar. It is used to calculate the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered the minimum value for taxation purposes. Buyers and sellers should be aware that the stamp duty is charged on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sabharis Garden -I?

The current guideline value of Sabharis Garden -I is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 165 per sq.ft in 2024, marking a total increase of 146% over this period.

What are the other streets in Nayar with the same guideline value?

Other streets in Nayar under the Ponneri SRO also carry the same guideline value of Rs 165 per sq.ft for 2024, including Sri Balaji Nagar, Sri Varu Nagar, Green Park Avenue, Deepam Avenue, Bharathi Nagar Garden, and Bharathi Nagar.

What fees are associated with buying property in Sabharis Garden -I?

When buying property in Sabharis Garden -I, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sabharis Garden -I?

The Ponneri Sub Registrar Office covers Sabharis Garden -I and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.