Guideline Value for SARANGAN GARDEN

Sarangan Garden guideline value

The current guideline value of Sarangan Garden, located in Karapakkam village under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Sarangan Garden has changed

The guideline value for Sarangan Garden has changed significantly over the years. In the 2012 revision, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 49% to reach Rs 1,000 per sq.ft. The most recent revision in 2024 saw a further increase of 10%, bringing the guideline value to Rs 1,100 per sq.ft.

There are no figures available in the register for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from the 2012 revision to the 2024 revision.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Sarangan Garden's 2024 guideline value is below this median.

• Sapthagiri Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Saminanayakkan Street: Rs 1,100 per sq.ft (2024)
• SADAGOPAN STREET 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• Sadagopan Street: Rs 2,200 per sq.ft (2024)
• Selvam Garden: Rs 1,100 per sq.ft (2024)
• Saba Ganesh Garden: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sarangan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 our stamp duty and registration fee calculator for a more personalized estimate.

Which Sub Registrar Office covers Sarangan Garden?

The Sarangan Garden area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Karapakkam, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any disputes related to property valuation and taxation.

Frequently asked questions

What is the current guideline value of Sarangan Garden?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Sarangan Garden?

Sarangan Garden falls under the Residential Class III Type - I land classification.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Sarangan Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.