Guideline Value for SAI AYUSH POOJA ROAD

Sai Ayush Pooja Road guideline value

The current guideline value of Sai Ayush Pooja Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village under the Neelankarai SRO, and the land classification is Residential Special Type - IV.

How the guideline value of Sai Ayush Pooja Road has changed

The guideline value for Sai Ayush Pooja Road has seen several revisions over the years. In 2012, the value was Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in 2017. Following this, the value increased significantly to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Sai Ayush Pooja Road's current guideline value is above this median.

• Rathinamani Nagar Main Road: Rs 3,300 per sq.ft (2024)
• Rathinamani Nagar: Rs 2,800 per sq.ft (2024)
• Santhiappan Salai: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Santhiappan Salai Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Ayush Pooja Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees together Rs 4,95,000. 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 details.

Which Sub Registrar Office covers Sai Ayush Pooja Road?

The Sub Registrar Office that covers Sai Ayush Pooja Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perungudi. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for completing the legal formalities. Buyers and sellers must be aware of the current guideline value to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sai Ayush Pooja Road?

The current guideline value of Sai Ayush Pooja Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft in 2024.

What is the land classification for Sai Ayush Pooja Road?

The land classification for Sai Ayush Pooja Road is Residential Special Type - IV.

Where can I find the registration office for Sai Ayush Pooja Road?

The registration office for Sai Ayush Pooja Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Sai Ayush Pooja Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at a rate of 7%.