Guideline Value for SAI BABA NAGAR

Sai Baba Nagar guideline value

The current guideline value of Sai Baba Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

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 earliest recorded figure is from 2017 at Rs 201 per sq.ft. This value increased significantly to Rs 300 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 has further raised the guideline value to Rs 330 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, making Sai Baba Nagar's guideline value equal to this median.

• Sadaiyamman Koil Street / Nagar: Rs 330 per sq.ft (2024)
• Rukumani Nagar: Rs 330 per sq.ft (2024)
• R.L.Y. Stn Street/Road: Rs 330 per sq.ft (2024)
• Sankar Nagar: Rs 330 per sq.ft (2024)
• Santha Nagar: Rs 330 per sq.ft (2024)
• Ramanathapuram: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Baba Nagar?

The Sub Registrar Office that covers Sai Baba Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable duties, ensuring that all transactions are compliant with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sai Baba Nagar?

The current guideline value of Sai Baba Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets with the same guideline value in Athipattu?

Other streets in Athipattu with the same guideline value of Rs 330 per sq.ft include Sadaiyamman Koil Street / Nagar, Rukumani Nagar, R.L.Y. Stn Street/Road, Sankar Nagar, Santha Nagar, and Ramanathapuram.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Sai Baba Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 3,30,000 would incur a stamp duty of Rs 23,100.