Guideline Value for Sambandham Garden

Sambandham Garden guideline value

The current guideline value of Sambandham Garden is Rs 1,099 per sq.ft, effective from 1 July 2024. This property is located in Perumpakkam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Sambandham Garden has changed

In the 2023 revision, the guideline value for Sambandham Garden was Rs 1,000 per sq.ft. This marked an increase from previous years, as the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002. The current figure of Rs 1,099 per sq.ft in the 2024 revision represents a 10% increase from the 2023 value.

Prior to the 2023 revision, there were no recorded figures for the street in the guideline value register for the years mentioned. The increase from Rs 1,000 to Rs 1,099 indicates a notable adjustment in the guideline value for this area.

Guideline values in Perumpakkam

Perumpakkam village has a range of guideline values for its streets, with 17 streets under the Tiruvallur Joint 1 SRO carrying a 2024 figure between Rs 680 and Rs 1,650 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Sambandham Garden above this median value.

• Sai Avenue: Rs 1,650 per sq.ft (2024)
• Saraswathi Nagar: Rs 770 per sq.ft (2024)
• Sri Karparga Vinayagar Nagar: Rs 680 per sq.ft (2024)
• Srivari Avenue: Rs 680 per sq.ft (2024)
• Srivari Nagar: Rs 1,650 per sq.ft (2024)
• T.N.R. Nagar: Rs 680 per sq.ft (2024)

Stamp duty and registration fee for property in Sambandham Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value amounts to Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total fees together to Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sambandham Garden?

The Sub Registrar Office that covers Sambandham Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Perumpakkam. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with the registration of the property. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sambandham Garden?

The current guideline value of Sambandham Garden is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,099 per sq.ft in 2024, which is a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Perumpakkam?

Other streets in Perumpakkam have varying guideline values, ranging from Rs 680 to Rs 1,650 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, with Sambandham Garden's value being above this median.

How is the stamp duty calculated for properties in Sambandham Garden?

Stamp duty for properties in Sambandham Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 76,930 based on the current guideline value.

Where can I find the Sub Registrar Office for Sambandham Garden?

The Sub Registrar Office for Sambandham Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. This office handles all registrations for properties in the area.