Guideline Value for SAI GARDEN

Sai Garden guideline value

The current guideline value of Sai Garden in Naduveerapattu village, under the Padappai SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Sai Garden has changed

The guideline value for Sai Garden has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,400 per sq.ft, which was then increased to Rs 1,540 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the guideline value has increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024. This reflects the most recent adjustment in the valuation for Sai Garden.

Guideline values in Naduveerapattu

Naduveerapattu has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Sai Garden's 2024 figure above that median.

• Sai Greenfield: Rs 830 per sq.ft (2024)
• R.R.T Garden Phase-III: Rs 1,650 per sq.ft (2024)
• R.R.T Garden phase-II: Rs 660 per sq.ft (2024)
• R.R.T.Garden: Rs 660 per sq.ft (2024)
• Ramesh Nagar: Rs 550 per sq.ft (2024)
• Sengundhar Street: Rs 550 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees together to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Naduveerapattu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, buyers need to ensure that they are aware of the current guideline value, as it affects the total cost of the transaction. The higher of the guideline value or the sale price is considered for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sai Garden?

The current guideline value of Sai Garden is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, representing a 10% increase.

What are the guideline values of other streets in Naduveerapattu?

Other streets in Naduveerapattu have varying guideline values, ranging from Rs 330 to Rs 2,500 per sq.ft. Sai Garden's value is above the median of Rs 660 per sq.ft.

What fees are associated with buying property in Sai Garden?

When buying property in Sai Garden, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,38,600.

Where can I find the Sub Registrar Office for Sai Garden?

The Padappai Sub Registrar Office covers Sai Garden and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.