Guideline Value for Sai Garden

Sai Garden guideline value

The current guideline value of Sai Garden in Kilay village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Sai Garden has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This remained unchanged in the subsequent revisions of 2017 and 2023, where the value was also Rs 400 per sq.ft. However, the 2017 revision saw a significant increase from the 2012 value, which was a decrease of 33% from Rs 400 to Rs 268 per sq.ft in 2017. The 2024 revision has maintained the value at Rs 400 per sq.ft, showing no change from 2023.

Between the 2017 and 2023 revisions, there was an increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 400 per sq.ft, indicating stability in this period.

Guideline values in Kilay

In Kilay village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sai Garden's 2024 figure above this median.

• Sakthi Nagar: Rs 400 per sq.ft (2024)
• SDN Agro Farms: Rs 400 per sq.ft (2024)
• Poomagal Nagar: Rs 200 per sq.ft (2024)
• Perumal Koil street: Rs 150 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 400 per sq.ft (2024)
• Sri Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sai 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. Duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Garden?

The Sai Garden property is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kilay, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements when completing property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price to ensure that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Sai Garden?

The current guideline value of Sai Garden in Kilay village 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, with the most recent being Rs 400 per sq.ft in 2024 and 2023. It was Rs 268 per sq.ft in 2017, which was a 33% decrease from Rs 400 in 2012.

What is the land classification of Sai Garden?

Sai Garden is classified as Residential Special Type - I, which is important for understanding its intended use and the applicable regulations.

What are the stamp duty and registration fees for Sai Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Sai Garden located?

The Sriperumpudur Sub Registrar Office, which covers Sai Garden, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.