Guideline Value for SAI GARDEN

Sai Garden guideline value

The current guideline value of Sai Garden, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sai Garden has changed

In the 2017 revision, the guideline value for Sai Garden was Rs 1,000 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,500 per sq.ft. The 2024 revision has maintained the same guideline value of Rs 1,500 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, and overall, from 2017 to 2024, the increase remains at 50%. The consistent value from 2023 to 2024 shows a stable market condition for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Sai Garden's 2024 figure above this median.

• Sai Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Sai Nagar: Rs 1,000 per sq.ft (2024)
• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Rotarypuram: Rs 400 per sq.ft (2024)
• Samsu Nagar: Rs 1,000 per sq.ft (2024)
• Roni Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total cost for these fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Garden?

The Sub Registrar Office that covers Sai Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Sriperumbudur A, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When registering a property, the guideline value is used to assess the stamp duty, which is charged on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Garden?

The current guideline value of Sai Garden is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from the 2023 revision to the 2024 revision. It increased from Rs 1,000 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 50% increase during that period.

What is the land classification for Sai Garden?

The land classification for Sai Garden is Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles property registrations in Sai Garden?

The Sriperumpudur Sub Registrar Office handles property registrations for Sai Garden, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.