Guideline Value for SAI JAYARAM NAGAR

Sai Jayaram Nagar guideline value

The current guideline value for Sai Jayaram Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village and falls under the Tiruvallur Joint 1 SRO. The land classification is Residential Class II Type - II.

How the guideline value of Sai Jayaram Nagar has changed

Over the years, the guideline value of Sai Jayaram Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which then changed to Rs 268 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft. The 2024 revision also maintains this value at Rs 400 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions that provide guideline values are from 2012, 2017, 2023, and 2024.

Guideline values in Ikkadu

In Ikkadu, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the current guideline value for Sai Jayaram Nagar.

• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sinivasa Nagar: Rs 500 per sq.ft (2024)
• Sosiety Nagar: Rs 300 per sq.ft (2024)
• Post office street: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathi Nagar Extension: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Jayaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 details.

Which Sub Registrar Office covers Sai Jayaram Nagar?

The Sub Registrar Office that covers Sai Jayaram Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Ikkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value for Sai Jayaram Nagar?

The current guideline value for Sai Jayaram Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sai Jayaram Nagar?

Sai Jayaram Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for a property in Sai Jayaram Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sai Jayaram Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Sai Jayaram Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.