Guideline Value for SAI CITY

Sai City guideline value

The current guideline value of Sai City in Annamalaicheri village, under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sai City has changed

The guideline value for Sai City has seen significant changes over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. However, from the 2017 revision, the guideline value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise from 2017 to 2023.

In the 2024 revision, the guideline value remains at Rs 100 per sq.ft, indicating no change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Annamalaicheri

In addition to Sai City, other streets in Annamalaicheri under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft as of 2024. Below are the other streets in Annamalaicheri:

• Anbagam Nagar: Rs 100 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 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 City?

The Sai City area falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Annamalaicheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sai City?

The current guideline value of Sai City is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remains at that rate in 2024, showing a 49% increase overall since 2017.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Which office handles registrations for Sai City?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is taken into account for calculating these fees.