Guideline Value for SAI SADHASIVA GARDEN & EXTENSION

Sai Sadhasiva Garden & Extension guideline value

The current guideline value of Sai Sadhasiva Garden & Extension is Rs 120 per sq.ft. This property is located in Kaavaathur village, under the Madurandakam Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Sai Sadhasiva Garden & Extension has changed

The guideline value for Sai Sadhasiva Garden & Extension has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 120 per sq.ft. This remained unchanged in the subsequent revision in 2017, but the value dropped to Rs 80 per sq.ft. In 2023, the value returned to Rs 120 per sq.ft and has remained the same in the latest 2024 revision, indicating no change from the previous year.

Between the revisions, the most significant change occurred from 2017 to 2023, where the value increased by 50%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 120 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaavaathur

In Kaavaathur, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 100 per sq.ft, placing the guideline value of Sai Sadhasiva Garden & Extension above this median.

• Sri Mahalakshmi Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Nagar: Rs 250 per sq.ft (2024)
• B.L. Avenue: Rs 100 per sq.ft (2024)
• B.B. Avenue II: Rs 100 per sq.ft (2024)
• B.B. Avenue: Rs 100 per sq.ft (2024)
• Mullai Nagar Avenue- I: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Sadhasiva Garden & Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total fees to Rs 10,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sai Sadhasiva Garden & Extension?

The Sai Sadhasiva Garden & Extension area falls under the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions within Kaavaathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

When selling a property, the guideline value helps establish a baseline for negotiations and can influence the final sale price. Buyers and sellers should be aware of the current guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sai Sadhasiva Garden & Extension?

The current guideline value of Sai Sadhasiva Garden & Extension is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 120 per sq.ft from 2012 to 2024, with a notable increase of 50% from 2017 to 2023. There was a decrease of 33% from 2012 to 2017.

What are the guideline values of other streets in Kaavaathur?

Other streets in Kaavaathur have guideline values ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 100 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 120 per sq.ft, the total fees would amount to Rs 10,800.

Which office handles registrations for Sai Sadhasiva Garden & Extension?

The Madurandakam Sub Registrar Office handles registrations for Sai Sadhasiva Garden & Extension, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.