Guideline Value for Sardarjung Garden 2nd Street

Sardarjung Garden 2nd Street guideline value

The current guideline value of Sardarjung Garden 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sardarjung Garden 2nd Street has changed

The guideline value for Sardarjung Garden 2nd Street has seen significant changes over the years. In 2007, the value was Rs 1,145 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012. However, it dropped to Rs 4,020 per sq.ft in 2017, before rising again to Rs 6,000 per sq.ft in 2023. The current value of Rs 6,600 per sq.ft reflects a 10% increase from the 2023 revision.

Overall, from 2007 to 2024, the guideline value has increased by 476%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the 2024 figure for Sardarjung Garden 2nd Street.

• Sardarjung Garden 1st Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 3rd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden Street: Rs 6,600 per sq.ft (2024)
• Sannathi Street: Rs 6,600 per sq.ft (2024)
• Sami Pillai Street: Rs 5,500 per sq.ft (2024)
• Sami Achari Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sardarjung Garden 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, resulting in a total of Rs 5,94,000. It is important to 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 Sardarjung Garden 2nd Street?

The Sub Registrar Office that covers Sardarjung Garden 2nd Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Triplicane. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers must be aware that the guideline value is often considered for calculating these fees.

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

Frequently asked questions

What is the current guideline value of Sardarjung Garden 2nd Street?

The current guideline value of Sardarjung Garden 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 476% over the years.

What is the land classification for Sardarjung Garden 2nd Street?

The land classification for Sardarjung Garden 2nd Street is Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sardarjung Garden 2nd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.