Guideline Value for Sarada Garden

Sarada Garden guideline value

The current guideline value of Sarada Garden is Rs 1,800 per sq.ft, effective from 1 July 2024. This property is located in Selaiyur village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Sarada Garden has changed

The guideline value for Sarada Garden has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 300 per sq.ft. It then increased significantly to Rs 1,700 per sq.ft in 2012, marking a 467% rise. However, from 2012 to 2017, the value decreased to Rs 1,139 per sq.ft, a decline of 33%. The value then increased again to Rs 1,700 per sq.ft in 2023, and most recently to Rs 1,800 per sq.ft in 2024, reflecting a 6% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 500%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft as of 2024. The median guideline value in the village is Rs 2,200 per sq.ft, indicating that the guideline value of Sarada Garden is below this median.

• Saraswathi Avenue: Rs 2,400 per sq.ft (2024)
• Santha Nagar: Rs 2,200 per sq.ft (2024)
• Sangeetha Sabha: Rs 1,300 per sq.ft (2024)
• Sampathkumar Street: Rs 2,750 per sq.ft (2024)
• School Street: Rs 850 per sq.ft (2024)
• Sakthi Garden Phase II: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sarada Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sarada Garden?

The Sarada Garden area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Selaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the fair value of the property and is essential for calculating the applicable taxes during the registration process.

Frequently asked questions

What is the current guideline value of Sarada Garden?

The current guideline value of Sarada Garden is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,800 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the stamp duty for property in Sarada Garden?

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the guideline values of other streets in Selaiyur?

Other streets in Selaiyur have varying guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. For example, Saraswathi Avenue has a guideline value of Rs 2,400 per sq.ft.