Guideline Value for SAI CITY

Sai City guideline value

The current guideline value for Sai City, located in P.V.Kalathur A village, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Sai City has changed

The guideline value for Sai City has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which remained unchanged at Rs 250 per sq.ft during the 2023 revision. The 2024 revision also maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a 50% increase in the guideline value, bringing it to Rs 250 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50%, reflecting the same value of Rs 250 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO with a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, making Sai City's value below this median.

• Saraswathi Nagar: Rs 402 per sq.ft (2024)
• Ramana Nagar: Rs 250 per sq.ft (2024)
• Ramakrishna Nagar Part-II Ext: Rs 250 per sq.ft (2024)
• Ramakrishna Nagar Part-II: Rs 250 per sq.ft (2024)
• Ramakrishna Nagar Ext: Rs 402 per sq.ft (2024)
• Priya Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sai City

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total cost of Rs 22,500. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sai City?

Sai City is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in P.V.Kalathur A

The guideline value is a crucial factor in property transactions in P.V.Kalathur A. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value as it directly impacts the overall costs involved in the registration process. Accurate knowledge of these values ensures a smoother transaction experience.

Frequently asked questions

What is the current guideline value for Sai City?

The current guideline value for Sai City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sai City has remained at Rs 250 per sq.ft from 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Sai City?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office handles Sai City?

The Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covers Sai City.

What is the land classification for Sai City?

Sai City is classified as Residential Class II Type - I, which is important for understanding its zoning and usage regulations.