Guideline Value for SAI CITY PHASE-I

Sai City Phase-I guideline value

The current guideline value for Sai City Phase-I is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Thirupalaivanam 1 village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sai City Phase-I has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision has maintained the guideline value at Rs 200 per sq.ft, resulting in no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 134 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Sai City Phase-I.

• Sri Kalikambal Nagar: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 per sq.ft (2024)
• Mecca Garden: Rs 200 per sq.ft (2024)
• Makkah Garden: Rs 200 per sq.ft (2024)
• Kamatchi Amman Nagar Annex-III: Rs 200 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai City Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total cost for stamp duty and registration fee is Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai City Phase-I?

The Sub Registrar Office that covers Sai City Phase-I is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirupalaivanam 1

The guideline value plays a crucial role in the registration of property transactions in Thirupalaivanam 1. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

Buyers and sellers should be aware that the guideline value is a reference point for the registration process. It helps in calculating the costs associated with the transfer of property ownership, making it essential for all parties involved in the transaction.

Frequently asked questions

What is the current guideline value for Sai City Phase-I?

The current guideline value for Sai City Phase-I is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 134 per sq.ft to Rs 200 per sq.ft in 2024. The 2023 revision also set the value at Rs 200 per sq.ft, with no change in the subsequent year.

Where can I find the Sub Registrar Office for Sai City Phase-I?

The Sub Registrar Office for Sai City Phase-I is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the stamp duty and registration fees for a property in Sai City Phase-I?

For a 1,000 sq.ft property at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% amounts to Rs 14,000, and the registration fee at 2% is Rs 4,000, totaling Rs 18,000.

What is the land classification for Sai City Phase-I?

Sai City Phase-I is classified as Residential Class II Type - I, which is relevant for determining the applicable guidelines and regulations for property transactions.