Guideline Value for SAI GARDEN

Sai Garden guideline value

The current guideline value of Sai Garden, located in Vedanginallur village under the Tiruvallur Joint 1 SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sai Garden has changed

Looking at the revisions, the guideline value for Sai Garden has remained consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions. For the years 2017, 2012, 2007, 2003, and 2002, the register has no figure for this street.

From 2023 to 2024, there was no change in the guideline value, reflecting a stable rate of Rs 600 per sq.ft. This consistency indicates no fluctuations in the guideline value for Sai Garden over these two years.

Guideline values in Vedanginallur

In Vedanginallur, the guideline value for Sai Garden is Rs 600 per sq.ft. Other streets in Vedanginallur under the Tiruvallur Joint 1 SRO include:

• R.K.Garden: Rs 900 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 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty, calculated at 7%, would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. It is important to note that 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 based on your property details.

Which Sub Registrar Office covers Sai Garden?

The Sai Garden area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Vedanginallur, as it determines the minimum value at which a property can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of the transaction. Proper knowledge of these values ensures compliance with legal requirements during property registration.

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 for Sai Garden has remained at Rs 600 per sq.ft for the 2023 and 2024 revisions. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the stamp duty for property in Sai Garden?

The stamp duty for property in Sai Garden is calculated at 7% of the guideline value. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.

Where is the Sub Registrar Office for Sai Garden located?

The Tiruvallur Joint 1 Sub Registrar Office, which covers Sai Garden, is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property in Vedanginallur. It is essential for calculating stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.