Guideline Value for SAROJANI GARDEN

Sarojani Garden guideline value

The current guideline value of Sarojani Garden, located in Jelandianpettai village, is Rs 1,870 per sq.ft. This value is set to take effect from 1 July 2024 and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sarojani Garden has changed

The guideline value for Sarojani Garden has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,700 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,139 per sq.ft. However, the value rebounded to Rs 1,700 per sq.ft in 2023, before increasing to Rs 1,870 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The most recent change, from 2023 to 2024, reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sarojani Garden's 2024 figure below that median.

• Saravanan Street: Rs 1,650 per sq.ft (2024)
• Saravanan Cross Street: Rs 1,650 per sq.ft (2024)
• Sasthiri Street: Rs 1,650 per sq.ft (2024)
• Sathyamurthy Nagar: Rs 2,200 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Senthamizhil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojani Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, leading to a total of Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarojani Garden?

The Sub Registrar Office that covers Sarojani Garden is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Jelandianpettai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are accurately calculated based on the property's value.

When buying or selling property, it is essential to be aware of the guideline value as it directly influences the financial obligations involved in the transaction. Buyers should ensure they are informed of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sarojani Garden?

The current guideline value of Sarojani Garden is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then increased to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,870 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sarojani Garden?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office covers Sarojani Garden?

Sarojani Garden falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Sarojani Garden?

The land classification for Sarojani Garden is Residential Class III Type - I, indicating its designation for residential purposes.