Guideline Value for SABTHAGIRI GARDEN PHASE II

Sabthagiri Garden Phase II guideline value

The current guideline value of Sabthagiri Garden Phase II is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Arungunam village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sabthagiri Garden Phase II has changed

Looking at the historical revisions, the guideline value for Sabthagiri Garden Phase II was Rs 100 per sq.ft in 2012, and it remained the same in the subsequent revision in 2023. The 2017 revision saw a decrease to Rs 67 per sq.ft, marking a drop of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 100 per sq.ft, resulting in no change from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arungunam

In Arungunam, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 100 per sq.ft, which is equal to the 2024 figure for Sabthagiri Garden Phase II.

• Prakash Nagar: Rs 150 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 151 per sq.ft (2024)
• Iswariya Nagar: Rs 100 per sq.ft (2024)
• A.A.Avenue: Rs 100 per sq.ft (2024)
• Priya Nagar: Rs 100 per sq.ft (2024)
• Sameera Terra Farms Phase-I (Sameera Green Field): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sabthagiri Garden Phase II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sabthagiri Garden Phase II?

The Sub Registrar Office that covers Sabthagiri Garden Phase II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sabthagiri Garden Phase II?

The current guideline value of Sabthagiri Garden Phase II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sabthagiri Garden Phase II has seen several changes, with a notable drop to Rs 67 per sq.ft in 2017, followed by a return to Rs 100 per sq.ft in 2023 and remaining the same in 2024.

What are the other streets in Arungunam and their guideline values?

Other streets in Arungunam include Prakash Nagar at Rs 150 per sq.ft, Sri Srinivasa Nagar at Rs 151 per sq.ft, and Iswariya Nagar, A.A.Avenue, and Priya Nagar, all at Rs 100 per sq.ft. Sameera Terra Farms Phase-I has the highest value at Rs 500 per sq.ft.

What is the registration fee for property in Sabthagiri Garden Phase II?

The registration fee for property in Sabthagiri Garden Phase II is calculated based on the guideline value. For example, for a 1,000 sq.ft plot valued at Rs 1,00,000, the registration fee would be Rs 2,000.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. This office handles the registration of properties in the area.