Guideline Value for SAIRAM GARDEN -PHASE-I

Sairam Garden -Phase-I guideline value

The current guideline value of Sairam Garden -Phase-I is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Aatrambakkam village, under the Oothukkottai SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sairam Garden -Phase-I has changed

The guideline value for Sairam Garden -Phase-I has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which was then increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023 and a 49% overall increase from 2017 to 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 100 per sq.ft. This consistency in the most recent revisions indicates stability in the guideline value for this property.

Guideline values in Aatrambakkam

Aatrambakkam village has a range of guideline values across its streets, with the current values for 2024 ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 100 per sq.ft, placing Sairam Garden -Phase-I at the median level.

• Sairam Garden -Phase-II: Rs 100 per sq.ft (2024)
• Sri Sai Ranga Nagar: Rs 100 per sq.ft (2024)
• Vgp Thirunagar: Rs 100 per sq.ft (2024)
• Arunodhaya Nagar: Rs 100 per sq.ft (2024)
• Mani Nagar: Rs 400 per sq.ft (2024)
• பெயரிடபடாத மனைப்பிரிவு: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sairam Garden -Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sairam Garden -Phase-I?

The Sairam Garden -Phase-I property falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more details.

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

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

When a property is registered, 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 appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sairam Garden -Phase-I?

The current guideline value of Sairam Garden -Phase-I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Aatrambakkam with their guideline values?

Other streets in Aatrambakkam include Sairam Garden -Phase-II, Sri Sai Ranga Nagar, Vgp Thirunagar, Arunodhaya Nagar, Mani Nagar, and பெயரிடபடாத மனைப்பிரிவு, with values ranging from Rs 100 to Rs 400 per sq.ft.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is stamp duty calculated for properties in Sairam Garden -Phase-I?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000.