Guideline Value for Sailaja Garden

Sailaja Garden guideline value

The current guideline value of Sailaja Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sailaja Garden has changed

The guideline value register does not contain figures for Sailaja Garden for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent figure is from the 2024 revision, which is Rs 1,700 per sq.ft.

As per the 2024 revision, the guideline value for Sailaja Garden is Rs 1,700 per sq.ft. There have been no changes between the revisions listed above.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sailaja Garden's 2024 figure below that median.

• Sailendrakumar Garden: Rs 1,700 per sq.ft (2024)
• Sai Illam: Rs 3,300 per sq.ft (2024)
• Sai Baba Garden: Rs 2,800 per sq.ft (2024)
• Sadaiyandi Street (Grama Nedunchalai 30th Cross Street): Rs 2,200 per sq.ft (2024)
• Sabthagiri Nagar: Rs 2,200 per sq.ft (2024)
• Royal Eternity: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sailaja Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sailaja Garden?

The Sub Registrar Office that covers Sailaja Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor during the registration of properties in Sholinganallur - 1. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a benchmark for both parties. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sailaja Garden?

The current guideline value of Sailaja Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Sailaja Garden in the years 2002, 2003, 2007, 2012, 2017, and 2023. The latest guideline value is from the 2024 revision, which is Rs 1,700 per sq.ft.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Sailaja Garden's 2024 figure being below this median.

What are the stamp duty rates for properties in Sailaja Garden?

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

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.