Guideline Value for SAI STAR CITY EXTN

Sai Star City Extn guideline value

The current guideline value of Sai Star City Extn is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Kizhakottyur village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sai Star City Extn has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This reflects a significant increase of 49% to the current value of Rs 1,500 per sq.ft established in the 2023 revision. It is important to note that the guideline register does not provide figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The increase from 2017 to 2023 demonstrates a marked change in the guideline value, indicating a shift in the valuation of properties in this area. The absence of figures for earlier revisions means that the only comparative values available are from 2017 and 2023.

Guideline values in Kizhakottyur

Currently, there are no specific village figures available for Kizhakottyur. The guideline value for Sai Star City Extn is Rs 1,500 per sq.ft. There are no other streets in Kizhakottyur under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Sai Star City Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the 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 more precise calculations based on your property transaction.

Which Sub Registrar Office covers Sai Star City Extn?

The Sai Star City Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Kizhakottyur, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted in accordance with the legal framework.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with property registration. This value helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Star City Extn?

The current guideline value of Sai Star City Extn is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a change of 49%.

Are there any guideline value figures for previous years?

The guideline register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for Sai Star City Extn. The only available figures are from the 2017 and 2023 revisions.

How is stamp duty calculated for property in Sai Star City Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,05,000.

Where can I find the Gooduvancheri Sub Registrar Office?

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