Guideline Value for Sabari Garden

Sabari Garden guideline value

The current guideline value of Sabari Garden in Thalimangalam village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sabari Garden has changed

The guideline value for Sabari Garden has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 300% rise. However, by 2017, the value dropped to Rs 268 per sq.ft, a decrease of 33%. The value then rose again to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 300%, reflecting the fluctuations in property valuation over the years. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thalimangalam

In Thalimangalam, there are nine streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with the median being Rs 400 per sq.ft. Sabari Garden's 2024 figure aligns with this median.

• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Sri Valli Nagar: Rs 500 per sq.ft (2024)
• Sundar Nagar: Rs 300 per sq.ft (2024)
• Swami Vivekanandar Nagar: Rs 300 per sq.ft (2024)
• Murugan Avenue: Rs 500 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sabari Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sabari Garden?

The Sub Registrar Office that covers Sabari Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Thalimangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that both parties are aware of the financial obligations involved in the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sabari Garden?

The current guideline value of Sabari Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then dropping to Rs 268 per sq.ft in 2017, and finally returning to Rs 400 per sq.ft in 2023 and 2024.

What are the other streets in Thalimangalam with their guideline values?

Other streets in Thalimangalam include Rajeswari Nagar at Rs 300 per sq.ft, Sri Valli Nagar at Rs 500 per sq.ft, Sundar Nagar at Rs 300 per sq.ft, Swami Vivekanandar Nagar at Rs 300 per sq.ft, Murugan Avenue at Rs 500 per sq.ft, and Mahalakshmi Nagar at Rs 300 per sq.ft.

What is the stamp duty rate for properties in Sabari Garden?

The stamp duty rate for properties in Sabari Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sabari Garden located?

The Sub Registrar Office for Sabari Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.