Guideline Value for C.S.Sai Nagar Padappai

C.S.Sai Nagar Padappai guideline value

The current guideline value of C.S.Sai Nagar Padappai is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Siru Mathoor village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of C.S.Sai Nagar Padappai has changed

The guideline value for C.S.Sai Nagar Padappai has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was previously Rs 402 per sq.ft, marking a 49% increase from 2017 to 2023, where it stayed at Rs 600 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Siru Mathoor

Siru Mathoor village has 24 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which aligns with the guideline value of C.S.Sai Nagar Padappai. Below are the guideline values for other streets in Siru Mathoor:

• Coconut Forms: Rs 600 per sq.ft (2024)
• Ciril Castal: Rs 2,250 per sq.ft (2024)
• Docla Project: Rs 1,810 per sq.ft (2024)
• Bhavani Nagar: Rs 250 per sq.ft (2024)
• EVP Antiha Nagar: Rs 600 per sq.ft (2024)
• Gandhi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in C.S.Sai Nagar Padappai

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers C.S.Sai Nagar Padappai?

The Sub Registrar Office that covers C.S.Sai Nagar Padappai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Siru Mathoor. It is used to determine the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the transaction. When registering a property, the guideline value is considered to calculate the applicable stamp duty and registration fees.

Additionally, the guideline value helps maintain transparency in property transactions, preventing discrepancies in property valuations. Buyers and sellers should always refer to the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of C.S.Sai Nagar Padappai?

The current guideline value of C.S.Sai Nagar Padappai is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the other streets in Siru Mathoor with their guideline values?

Other streets in Siru Mathoor have varying guideline values ranging from Rs 150 to Rs 2,500 per sq.ft. For example, Coconut Forms and EVP Antiha Nagar both have a guideline value of Rs 600 per sq.ft.

What are the fees associated with buying property in C.S.Sai Nagar Padappai?

When buying property in C.S.Sai Nagar Padappai, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for C.S.Sai Nagar Padappai?

The Sub Registrar Office for C.S.Sai Nagar Padappai is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.