Guideline Value for Sangeeth Garden

Sangeeth Garden guideline value

The current guideline value of Sangeeth Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sangeeth Garden has changed

The guideline value for Sangeeth Garden has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it saw a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023 and has now reached Rs 1,100 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2023 to 2024 represents a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 450%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is the same as the current value for Sangeeth Garden.

• Sannathin Street: Rs 2,750 per sq.ft (2024)
• Sakthi Koil Street: Rs 1,320 per sq.ft (2024)
• Sakthi Koil Cross Street: Rs 1,320 per sq.ft (2024)
• Sathiyamoorthy Street: Rs 1,100 per sq.ft (2024)
• Seerisabaratinam Street: Rs 1,100 per sq.ft (2024)
• Sembaruthi Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeeth Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sangeeth Garden?

The Sub Registrar Office that covers Sangeeth 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 more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Thiruvallur. It serves as a reference point for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sangeeth Garden?

The current guideline value of Sangeeth Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with several revisions in between. Notably, there was a significant increase of 400% from 2007 to 2012, followed by a decrease and subsequent increases in later years.

What other streets have guideline values in Thiruvallur?

Other streets in Thiruvallur include Sannathin Street at Rs 2,750 per sq.ft, Sakthi Koil Street and Sakthi Koil Cross Street at Rs 1,320 per sq.ft, and Sathiyamoorthy Street and Seerisabaratinam Street at Rs 1,100 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, making the total fees Rs 99,000.

Which Sub Registrar Office covers Sangeeth Garden?

The Tiruvallur Joint 1 Sub Registrar Office covers Sangeeth Garden, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.