Guideline Value for SAI BABA NAGAR

Sai Baba Nagar guideline value

The current guideline value of Sai Baba Nagar, located in Kosappur village under the Thiruvottiyur SRO, is Rs 1,002 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - II.

How the guideline value of Sai Baba Nagar has changed

Over the years, the guideline value of Sai Baba Nagar has experienced significant changes. The 2007 revision recorded a guideline value of Rs 100 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease of 33%, bringing the value down to Rs 201 per sq.ft. The following revision in 2023 saw a substantial increase of 399%, raising the value to Rs 1,002 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Sai Baba Nagar. Overall, from 2007 to 2024, the guideline value has increased by 902%.

Guideline values in Kosappur

In Kosappur, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value is Rs 1,002 per sq.ft, making the guideline value of Sai Baba Nagar equal to this median. Below are the guideline values for other streets in Kosappur:

• Rajesh Nagar: Rs 1,002 per sq.ft (2024)
• Sowbaghiya Nagar: Rs 1,001 per sq.ft (2024)
• Sri Aishwariya Nagar: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,002 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,002 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 1,002 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 1,002 per sq.ft, the total guideline value amounts to Rs 10,02,000. The stamp duty at 7% would be Rs 70,140, and the registration fee at 2% would be Rs 20,040, bringing the total charges to Rs 90,180. 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 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. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly impacts the overall cost of the transaction. Buyers should ensure they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sai Baba Nagar?

The current guideline value of Sai Baba Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2007 to Rs 1,002 per sq.ft in 2024, marking an overall increase of 902% since 2007.

What are the guideline values of other streets in Kosappur?

Other streets in Kosappur have varying guideline values, with Rajesh Nagar and Sri Aishwariya Nagar both at Rs 1,002 per sq.ft, and Sowbaghiya Nagar at Rs 1,001 per sq.ft as of 2024.

What is the stamp duty rate for property in Sai Baba Nagar?

The stamp duty rate for property in Sai Baba Nagar is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Sai Baba Nagar?

The Sub Registrar Office for Sai Baba Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.