Guideline Value for SAI GANESH NAGAR

Sai Ganesh Nagar guideline value

The current guideline value of Sai Ganesh Nagar is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Pusivakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sai Ganesh Nagar has changed

In the 2012 revision, the guideline value was set at Rs 125 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which recorded a new value of Rs 84 per sq.ft. Following this, there was a significant increase of 50% in the 2023 revision, bringing the value back up to Rs 126 per sq.ft. The 2024 revision maintains this value at Rs 126 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sai Ganesh Nagar is below this median.

• Sai Shanmuga Nagar: Rs 350 per sq.ft (2024)
• Sai Thiya Nagar: Rs 126 per sq.ft (2024)
• Royal City Phase-III: Rs 175 per sq.ft (2024)
• Royal City Phase - II: Rs 175 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)
• Sri Chellammal Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Ganesh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, together totaling Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sai Ganesh Nagar?

The Sai Ganesh Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Pusivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration fees and stamp duty are calculated based on this value.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, helping to maintain transparency in real estate dealings. It is essential for both parties to be aware of the current guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sai Ganesh Nagar?

The current guideline value of Sai Ganesh Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then back to Rs 126 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 1%.

What are the other streets in Pusivakkam with their guideline values?

In Pusivakkam, other streets include Sai Shanmuga Nagar at Rs 350 per sq.ft, Sai Thiya Nagar at Rs 126 per sq.ft, and several phases of Royal City at Rs 175 per sq.ft, among others.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 11,340.

Which office handles property registrations for Sai Ganesh Nagar?

The Walajabad Sub Registrar Office handles property registrations for Sai Ganesh Nagar. It is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.