Guideline Value for SAI MUGUNDHA GARDEN

Sai Mugundha Garden guideline value

The current guideline value of Sai Mugundha Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Kunnathur village under the Madurandakam SRO, classified as Commercial Class I Type - I.

How the guideline value of Sai Mugundha Garden has changed

Over the years, the guideline value of Sai Mugundha Garden has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. The value then increased significantly to Rs 100 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed.

From 2017 to 2023, there was a notable increase of 49%. However, the revisions for the years 2002, 2003, and 2007 do not have any figures listed in the register for this street.

Guideline values in Kunnathur

In Kunnathur, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 101 per sq.ft. The guideline value for Sai Mugundha Garden is below this median.

• Shridi Sai Nagar: Rs 151 per sq.ft (2024)
• Thiraviyam City: Rs 100 per sq.ft (2024)
• T.Nagar: Rs 100 per sq.ft (2024)
• V.V.S.Nagar: Rs 101 per sq.ft (2024)
• Fwt Estates Empire City: Rs 200 per sq.ft (2024)
• T Nagar Phase-I: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Mugundha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sai Mugundha Garden?

The Sub Registrar Office that covers Sai Mugundha Garden is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kunnathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sai Mugundha Garden?

The current guideline value of Sai Mugundha Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 100 per sq.ft in 2023 and 2024. Notably, it decreased from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017 before increasing again.

What is the land classification of Sai Mugundha Garden?

Sai Mugundha Garden is classified as Commercial Class I Type - I, which indicates its intended use for commercial activities.

What are the stamp duty rates for property in Sai Mugundha Garden?

The stamp duty for property transactions in Sai Mugundha Garden is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Madurandakam Sub Registrar Office covers Sai Mugundha Garden and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.