Guideline Value for SAI BABA GARDEN

Sai Baba Garden guideline value

The current guideline value of Sai Baba Garden is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Oothivakkam village under the Thiruporur SRO, classified as Residential Class I Type - I.

How the guideline value of Sai Baba Garden has changed

The guideline value for Sai Baba Garden has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a decrease to Rs 167 per sq.ft, reflecting a -33% change from the previous figure. The 2024 revision has again set the value at Rs 250 per sq.ft, showing no change from the 2023 revision and an overall change of +0% from the 2012 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register. The changes between the revisions indicate a fluctuation in the guideline value, particularly between the 2017 and 2023 revisions, which saw a +50% increase.

Guideline values in Oothivakkam

In Oothivakkam, there are 20 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,792 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Sai Baba Garden's 2024 figure below that median.

• ShreeRaksha Garden: Rs 1,350 per sq.ft (2024)
• Pristine Hill Breese Avenue Phase I: Rs 500 per sq.ft (2024)
• Pasumai Nagar: Rs 250 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension -III: Rs 1,200 per sq.ft (2024)
• Sri Sathya Sai Nagar Ext I: Rs 1,792 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Baba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Baba Garden?

The Sub Registrar Office that covers Sai Baba Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Sai Baba Garden?

The current guideline value of Sai Baba Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions with the 2012 figure at Rs 250 per sq.ft, decreasing to Rs 167 per sq.ft in 2017, and remaining at Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Sai Baba Garden?

Sai Baba Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sai Baba Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 22,500, including stamp duty and registration fees.