Guideline Value for SBJH GARDEN

Sbjh Garden guideline value

The current guideline value of Sbjh Garden, located in Nedunkumdram village, is Rs 1,980 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - II.

How the guideline value of Sbjh Garden has changed

In the 2017 revision, the guideline value for Sbjh Garden was Rs 1,800 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 1,800 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 10%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village comprises 75 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sbjh Garden's 2024 figure below this median.

• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)
• Sadhanandha Nagar: Rs 1,650 per sq.ft (2024)
• Sadanantha Puram: Rs 1,650 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)
• Square Deck Layout: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sbjh Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total cost of Rs 1,78,200. 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 Sbjh Garden?

Sbjh Garden is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nedunkumdram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial aspects of the transaction. Buyers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sbjh Garden?

The current guideline value of Sbjh Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. From 2017 to 2024, there has also been a total increase of 10%.

What are the other guideline values in Nedunkumdram?

Other streets in Nedunkumdram have varying guideline values, with rates ranging from Rs 330 to Rs 5,300 per sq.ft. The median for these streets is Rs 2,200 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Sbjh Garden?

The Tambaram Joint 1 Sub Registrar Office covers Sbjh Garden, located at No.26, Mes Road, East Tambaram, Chennai-600059.