Guideline Value for Sardarjung Garden 3rd Street

Sardarjung Garden 3rd Street guideline value

The current guideline value of Sardarjung Garden 3rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sardarjung Garden 3rd Street has changed

The guideline value for Sardarjung Garden 3rd Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,145 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 424%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a decline of 33%. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, reflecting a substantial increase of 64% from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 for Sardarjung Garden 3rd Street. Overall, from 2007 to 2024, the guideline value has increased by 476%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value is Rs 6,600 per sq.ft, which aligns with the current figure for Sardarjung Garden 3rd Street.

• Sardarjung Garden 2nd Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden Street: Rs 6,600 per sq.ft (2024)
• Sardarjung Garden 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value is Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sardarjung Garden 3rd Street?

The Sub Registrar Office that covers Sardarjung Garden 3rd 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 in the registration process of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are collected based on the official valuation of the property rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Sardarjung Garden 3rd Street?

The current guideline value of Sardarjung Garden 3rd 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 significantly from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 476% over this period.

What is the land classification for Sardarjung Garden 3rd Street?

Sardarjung Garden 3rd Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Sardarjung Garden 3rd Street?

The Sub Registrar Office for Sardarjung Garden 3rd Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in Sardarjung Garden 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty at 7% would be Rs 4,62,000.