Guideline Value for SAI CITY

Sai City guideline value

The current guideline value of Sai City, located in Chinnakavanam 2 village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sai City has changed

In the guideline value register, the most recent revision for Sai City is from 2024, where the value is set at Rs 100 per sq.ft. Prior to this, the 2023 revision also listed the guideline value at Rs 100 per sq.ft. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002, indicating that the register has no figure for this street in those years.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 100 per sq.ft. This consistency reflects stability in the valuation of properties in Sai City during this period.

Guideline values in Chinnakavanam 2

In Chinnakavanam 2, there are six streets under the Ponneri SRO that carry a 2024 guideline value of Rs 100 per sq.ft. The median guideline value for these streets is also Rs 100 per sq.ft, placing Sai City in line with this median.

• R.K. Nagar: Rs 100 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 100 per sq.ft (2024)
• Jansi Co- Operative Nagar: Rs 100 per sq.ft (2024)
• Green Park: Rs 100 per sq.ft (2024)
• Grand Avenue: 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 be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai City?

The Sai City area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For assistance in finding your specific Sub Registrar Office, you can visit find your SRO.

How the guideline value is used when you buy or sell in Chinnakavanam 2

The guideline value plays a crucial role in the registration process of property transactions in Chinnakavanam 2. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it serves as a benchmark for property transactions. This value helps in establishing a fair basis for calculating the financial obligations associated with the transfer of property ownership.

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 for Sai City has remained at Rs 100 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Chinnakavanam 2?

Other streets in Chinnakavanam 2 under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft for 2024. These include R.K. Nagar, Sri Ganapathy Nagar, Jansi Co-Operative Nagar, Green Park, and Grand Avenue.

How is stamp duty calculated for properties in Sai City?

Stamp duty for properties in Sai City is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at a guideline value of Rs 1,00,000, the total stamp duty would be Rs 7,000.

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

The Ponneri Sub Registrar Office covers Sai City and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information by visiting the appropriate link.