Guideline Value for TEACHERS SAIBABA GARDEN

Teachers Saibaba Garden guideline value

The current guideline value of Teachers Saibaba Garden is Rs 700 per sq.ft. This property is located in Keelakazhani village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Teachers Saibaba Garden has changed

The guideline value for Teachers Saibaba Garden has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, which is the same as the 2023 revision. The previous revision in 2017 set the value at Rs 469 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed from 2023 to 2024.

Guideline values in Keelakazhani

In Keelakazhani village, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,000 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the current value for Teachers Saibaba Garden.

• Teachers Township Phase-II (Sri Mahalakshmi Nagar): Rs 600 per sq.ft (2024)
• Teachers township Phase -I: Rs 600 per sq.ft (2024)
• S.V.P. Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 700 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 600 per sq.ft (2024)
• Sri Selva Vinayagar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Saibaba Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Teachers Saibaba Garden?

The Teachers Saibaba Garden falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Keelakazhani. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the registration office uses the guideline value to assess the applicable duties, ensuring that buyers and sellers comply with the legal requirements. This value helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Teachers Saibaba Garden?

The current guideline value of Teachers Saibaba Garden is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

What is the classification of land for Teachers Saibaba Garden?

Teachers Saibaba Garden is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Keelakazhani?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.