Guideline Value for Sangeetha Garden

Sangeetha Garden guideline value

The current guideline value for Sangeetha Garden in Koyakbedu village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Sangeetha Garden has changed

The guideline value of Sangeetha Garden has seen several revisions over the years. The 2007 revision set the value at Rs 1,500 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 2,010 per sq.ft, followed by a significant rise to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 120%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a range of guideline values, with 270 streets under the AnnaNagar SRO carrying a 2024 figure ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Sangeetha Garden's 2024 figure below that median.

• Sangith Garden: Rs 3,300 per sq.ft (2024)
• Samanthi Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Sai Nagar Medu: Rs 3,300 per sq.ft (2024)
• Sai Nagar Annexe, 4th Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 3rd Cross Street: Rs 4,400 per sq.ft (2024)
• Sai Nagar Annexe, 2nd Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fee would be Rs 2,97,000. Please note that 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 details.

Which Sub Registrar Office covers Sangeetha Garden?

The Sub Registrar Office that covers Sangeetha Garden is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the true value of the property as recognized by the local authorities. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sangeetha Garden?

The current guideline value of Sangeetha Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 120% over this period.

What is the land classification for Sangeetha Garden?

Sangeetha Garden is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty rates for property in Sangeetha Garden?

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

Where is the nearest Sub Registrar Office for Sangeetha Garden?

The nearest Sub Registrar Office is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.