Guideline Value for SAI GARDEN

Sai Garden guideline value

The current guideline value of Sai Garden, located in Kattoor village under the Thiruporur SRO, is Rs 600 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sai Garden has changed

The guideline value for Sai Garden has seen several revisions over the years. The earliest available figure is from 2012, where it was set at Rs 600 per sq.ft. In 2017, the value decreased to Rs 402 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. The 2023 revision maintained this figure, and the 2024 revision also set it at Rs 600 per sq.ft, showing no change.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft.

Guideline values in Kattoor

Kattoor village has a total of 22 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,493 per sq.ft. The median value for these streets is Rs 749 per sq.ft, indicating that Sai Garden's current guideline value is below this median.

• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 250 per sq.ft (2024)
• Paradise Village Sai Garden: Rs 602 per sq.ft (2024)
• Paradise Village: Rs 1,000 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Garden

For a plot of 1,000 sq.ft at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Garden?

The Sai Garden area is covered by 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 Kattoor

The guideline value is a crucial factor when registering property transactions in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or bought, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of 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 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. The value was Rs 402 per sq.ft in 2017, marking a significant increase of 49% to reach the current figure.

What is the land classification for Sai Garden?

Sai Garden is classified as Commercial Class I Type - I, which is important for understanding its usage and potential zoning regulations.

Where is the Thiruporur Sub Registrar Office located?

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 property in Sai Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000.