Guideline Value for Sangith Garden

Sangith Garden guideline value

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

How the guideline value of Sangith Garden has changed

The guideline value for Sangith Garden has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012. However, there was a decrease to Rs 2,010 per sq.ft in 2017. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2023, and most recently, it reached Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall increase from the 2007 revision to the 2024 revision stands at 154%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for the village is Rs 4,400 per sq.ft, making Sangith Garden's 2024 figure of Rs 3,300 per sq.ft below that median.

• Sangeetha 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 Sangith Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers Sangith Garden?

The Sangith Garden area is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sangith Garden?

The current guideline value of Sangith 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 significantly, starting from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 154% over the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, while Sangith Garden's value is below this median at Rs 3,300 per sq.ft.

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

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

Where is the AnnaNagar Sub Registrar Office located?

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