Guideline Value for SAI BABA NAGAR

Sai Baba Nagar guideline value

The current guideline value of Sai Baba Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Vakkupattu A village, under the Walajabad SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sai Baba Nagar has changed

The guideline value for Sai Baba Nagar has seen several revisions over the years. The most recent revisions show that the value was Rs 400 per sq.ft in both 2023 and 2024, indicating no change between these years. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, which reflects a significant increase of 49% to reach the current value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, from 2017 to 2024, the overall increase in the guideline value is also 49%, consistent with the change from 2017 to 2023.

Guideline values in Vakkupattu A

In Vakkupattu A, there are 14 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,090 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Sai Baba Nagar's 2024 figure below this median.

• Rpd Village: Rs 500 per sq.ft (2024)
• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Sairam Township: Rs 500 per sq.ft (2024)
• Tierra: Rs 2,090 per sq.ft (2024)
• Unnamed Layout: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. 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 detailed calculations.

Which Sub Registrar Office covers Sai Baba Nagar?

The Sai Baba Nagar area falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vakkupattu A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency in property transactions and aids in the proper assessment of taxes owed to the government.

Frequently asked questions

What is the current guideline value of Sai Baba Nagar?

The current guideline value of Sai Baba Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to the current value.

What are the other streets in Vakkupattu A with their guideline values?

Other streets in Vakkupattu A include Rpd Village and Pavendhar Bharathidasan Nagar at Rs 500 per sq.ft, Sri Lakshmi Nagar and Unnamed Layout at Rs 400 per sq.ft, Sri Sairam Township at Rs 500 per sq.ft, and Tierra at Rs 2,090 per sq.ft.

What fees are applicable when registering property in Sai Baba Nagar?

When registering property in Sai Baba Nagar, a stamp duty of 7% and a registration fee of 2% are applicable based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sai Baba Nagar located?

The Walajabad Sub Registrar Office, which covers Sai Baba Nagar, is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.