Guideline Value for SUGALI GARDEN

Sugali Garden guideline value

The current guideline value of Sugali Garden, located in Paruthipattu village under the Avadi SRO, is Rs 1,375 per sq.ft, effective from 1 July 2024. The land classification for this area is Industries Type - III.

How the guideline value of Sugali Garden has changed

The guideline value for Sugali Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,375 per sq.ft, which is an increase from Rs 1,250 per sq.ft in 2023, marking a change of +10%. Prior to these revisions, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values have increased from Rs 1,250 per sq.ft in 2023 to Rs 1,375 per sq.ft in 2024. The previous revisions do not have figures available for Sugali Garden, indicating that the current value reflects the most recent assessment.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing Sugali Garden's 2024 guideline value below this median.

• Sunmathi Avenue: Rs 1,625 per sq.ft (2024)
• Station Road: Rs 1,625 per sq.ft (2024)
• S.R.M. Garden: Rs 950 per sq.ft (2024)
• Tamil Nadu Housing Board (A,B,Lig-I,Lig-II): Rs 1,980 per sq.ft (2024)
• Tamil Nadu Housing Board (Commercial): Rs 3,275 per sq.ft (2024)
• Tamil Nadu Housing Board (Mig,Hig): Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Sugali Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty, calculated at 7%, would amount to Rs 96,250, while the registration fee at 2% would be Rs 27,500. Together, these fees total Rs 1,23,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sugali Garden?

The Sugali Garden area falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value will be referenced to calculate the applicable duties and fees. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sugali Garden?

The current guideline value of Sugali Garden is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,250 per sq.ft in 2023 to Rs 1,375 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sugali Garden?

The land classification for Sugali Garden is Industries Type - III, indicating its designated use for industrial purposes.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 1,23,750.

Which office handles property registrations in Sugali Garden?

The Avadi Sub Registrar Office handles property registrations for Sugali Garden, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.