Guideline Value for SATH GURU GARDEN (AVENUE)

Sath Guru Garden (Avenue) guideline value

The current guideline value of Sath Guru Garden (Avenue) is Rs 600 per sq.ft. This property is located in Kolathur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Sath Guru Garden (Avenue) has changed

Over the years, the guideline value for Sath Guru Garden (Avenue) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was revised down to Rs 402 per sq.ft. The 2023 revision brought the value back to Rs 600 per sq.ft, and the same value was maintained in the 2024 revision, effective from 1 July 2024. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the overall change from 2012 to 2024 shows no increase, as the value has remained at Rs 600 per sq.ft during this period.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the guideline value for Sath Guru Garden (Avenue).

• Sare Realty Project Namely Meadowville: Rs 600 per sq.ft (2024)
• Shenaha Garden: Rs 600 per sq.ft (2024)
• Rathis Amaravathi: Rs 600 per sq.ft (2024)
• Sree Selva Ganapathy Nagar: Rs 600 per sq.ft (2024)
• Raj Nagar: Rs 700 per sq.ft (2024)
• Sri Dhivakar Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sath Guru Garden (Avenue)

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sath Guru Garden (Avenue)?

The Sath Guru Garden (Avenue) property falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It is the minimum value set by the government for property transactions, which helps in determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price must be compared to the guideline value. The higher of the two will be used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sath Guru Garden (Avenue)?

The current guideline value of Sath Guru Garden (Avenue) is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sath Guru Garden (Avenue) has seen several revisions, with the most recent figures being Rs 600 per sq.ft in both 2023 and 2024. The value was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What are the stamp duty and registration fees for property in Sath Guru Garden (Avenue)?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 54,000, based on the guideline value of Rs 6,00,000.

Which Sub Registrar Office covers Sath Guru Garden (Avenue)?

The Chengleput Joint II Sub Registrar Office covers Sath Guru Garden (Avenue), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property transactions, which in turn affects the stamp duty and registration fees. The higher value between the sale price and the guideline value is used for these calculations.